Australia's western offshore key to self-sufficiency goals
This paper reports that Australia's hope seem bright for beginning the next century with a level of oil self-sufficientcy within 10 percentage points of its current 85% level. It's a prospect most forecasters had dismissed in the mid-1980s. At that time, oil production in Bass Strait, the country's mainstay for 25 years, had begun to decline. Many observers believed the country's level of self-sufficiency would fall with it, perhaps to as low as 40% by 2000. But impending production start-ups from a flurry of discoveries off Australia's northwest coast have turned that outlook around. In fact, fields outside Bass Strait already contribute half of Australia's oil production. More will go on stream in the middle of the decade to replace current production. Even so, the country's exploration and development companies see no room for complacency.
- OSTI ID:
- 7032890
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:33; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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