Globalshift Limited - copyright © 2009 to 2020; All rights reserved.
Australia (the Commonwealth of Australia) comprises the Australian continent, the island of Tasmania and numerous smaller islands in the Indian Ocean, Coral Sea and Southern Ocean.
Hunter-gatherers migrated to the continent around 45,000 years ago. It was visited by the Dutch in 1606 who did not settle. In 1770 Cook claimed it for the UK which established penal colonies in New South Wales from 1788. The last convicts arrived in 1848.
Other (free) settlements started in Tasmania (1803), Swan River (1828), South Australia (1836), Victoria (1851) and Queensland (1859). Meanwhile the indigenous population declined due to disease and conflict.
The six colonies managed affairs while still part of the British Empire but, in 1901, they federated. The Federal Capital Territory (ACT) was then formed in 1911 to house the capital in Canberra but the birth of the nation proper is now recognised as defeat of the ANZACs at Gallipoli in World War 1. Britain had ended most constitutional links by 1942.
After World War 2 the country encouraged immigration from Europe and, later, from Asia. The Australia Act of 1986 severed all ties with the UK but voters rejected a proposal for the country to become a republic. Australia’s economy is strong, focused on mining, energy and services.
Australia' is part of the Indo-Australian Plate. It is separated from Asia by the Arafura and Timor Seas. The Coral Sea lies off the Queensland coast and the Tasman Sea between Australia and New Zealand. The Great Barrier Reef, the world's largest reef, is off the northeast coast, extending over 2,000 kms.
Australia has a variety of landscapes, with tropical rainforests in the northeast, mountain ranges in the southeast, southwest and east, and desert in the centre (known as the outback).
Eastern Australia’s coast is marked by uplands and grasslands adjacent to the Great Dividing Range which runs parallel to the coast. At 2,228m, Mount Kosciuszko on the Great Dividing Range is the highest mountain on the mainland. Inland of the mountains are large areas of grassland and in the northeast are rainforests of the Cape York Peninsula.
The landscapes of the north include rainforest and desert including in the northwest sandstone cliffs of The Kimberley and Pilbara. To the south of these lie more areas of grassland. In the middle of the country are uplands including Uluru (Ayers Rock), and inland deserts. The arid Nullarbor Plain lies on the southern coast.
Oil production began onshore in 1924 in Victoria, in a small part of the Gippsland Basin. However, most onshore oil and gas comes from the Bowen/Surat and Cooper/Eromanga Basins in Queensland and South Australia, including methane deposits associated with coal.
The offshore part of the Gippsland Basin became the country’s main producing area when output from here began in 1969. It has been taken over by production from the shallow and deep water basins of the NW Shelf in Western Australia and Northern Territory where oil, NGLs and, in particular, gas have growing contributions. Gas fields serve a broadening indigenous pipeline market and a rapidly expanding LNG export capacity.
Although there a number of other areas of potential growth, Globalshift expects the North West Shelf region to be where Australian investment will be concentrated in the future.
Map and National Flag
The Opera House
Land area (sq kms)
Oil prod (000s b/d)
Gas prod (bcm/yr)
Oil cons (000s b/d)
Gas cons (bcm/yr)
Australia is a federal parliamentary monarchy with the UK monarch as head of state represented by a Governor-General. The executive consists of the Federal Executive Council which gives legal effect to decisions of the cabinet, comprising the prime minister and ministers of state.
The party with majority support in the House of Representatives forms the government and its leader becomes Prime Minister. Parliament is bicameral comprising an elected 76-member Senate and an elected 150-member House of Representatives.
The Department of Environment and Energy is responsible for Australia’s overall policies on oil and gas exploitation.
The Department of Mines and Petroleum (DMP) is responsible for Western Australia’s resources sector. The Ministry for Energy and Resources is responsible for Victoria’s resources sector.
In Queensland the Department of Natural Resources and Mines has responsibility whilst in South Australia it is the Department of State Development. Geoscience Australia is the public body that advises on the geology of of the country.
The National Offshore Petroleum Titles Administrator (NOPTA) oversees licence awards, retentions and surrenders.
Click below for:
Excel files - histories and forecasts of production and wells for all countries and regions