Australia takes fresh look at onshore oil prospects

Journal Article · Fri Sep 01 04:00:00 EDT 1978 · Energy Int.; (United States)

OSTI ID:6630579

Scott, W E

Australia's onshore oil and gas fields are being re-examined as a result of new legislative incentives and offshore activities. Only four onshore basins are commercially productive at the present, but a second generation exploration effort is expected to find at least five more. To have commercial success, however, Australia needs stable energy policies, a favorable economic climate for investment, and the use of the most advanced exploration technology. The Australian government and public are indicating their willingness to make the investment, although the country is not likely to be a major onshore oil producer. Recent encouraging developments include improvements in pricing arrangements and tax concessions, a general feeling of urgency, a non-chemical oil discovery in one of the basins, and an offshore gas development program.

• OSTI ID: 6630579
• Journal Information: Energy Int.; (United States), Journal Name: Energy Int.; (United States) Vol. 15:9; ISSN ENEIB
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200 -- Petroleum-- Reserves
Geology
& Exploration
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
AUSTRALASIA
AUSTRALIA
CHARGES
DRILLING
ECONOMICS
ENERGY SOURCES
EXPLORATION
FINANCIAL INCENTIVES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INVESTMENT
MARKET
NATURAL GAS DEPOSITS
NATURAL GAS FIELDS
OIL FIELDS
PETROLEUM
PETROLEUM DEPOSITS
PRODUCTION
RESERVES
RESOURCES
TAXES