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Warning Text %XTableStyleMedium9PivotStyleLight16` 7ZIndexAqUpdate HistoryReserves Table 1Reserves Table 2YReserves Table 3 Acreage Release Figure 1 Acreage Release Figure 2 :Acreage Release Figure 3&^Acreage Release Figure 4 and 5 Acreage Release Figure 6 >Acreage Release Figure 7mProduction Table 2= & gT  3 A@@  }YearTotal No. of CompaniesTake-up Rate (%)Indicative ExpenditurePrimary Work ProgramsSecondary Work ProgramsNumber of Permits AwardedNumber of Bids Received!Number Wells Bid in Primary Terms#Number Wells Bid in Secondary TermsOtherNumber of permitsArea under permit (sq km)!Small (market cap. <$250 million)4Number of Areas Released (includes Re-release Areas)Geoscience Australia(Chief Executive Officer: Dr Chris PigramThis work is copyright. Apart from any fair dealings for the purpose of study, research, criticism or review, as permitted under the Copyright Act 1968, no part may be reproduced by any process without written permission. Copyright is the responsibility of the Executive Director, Geoscience Australia.wInquiries should be directed to the Chief Executive Officer, Geoscience Australia, GPO Box 378, Canberra City, ACT 2601'Preferred way to cite this publication:ŮŮƵhas tried to make the information in this product as accurate as possible. However, it does not guarantee that theinformation is totally accurate or complete. Therefore, you should not rely soley on this information when making a commercial decision.ContentsUpdate History Commonwealth of Australia 2012'Oil and Gas Resources of Australia 2010HThis volume is the successor to Oil and Gas Resources of Australia 2009.ReservesAcreage ReleasemAcreage Release Figure 1: Offshore Exploration Permits, 1985-September 2009 (excludes State Waters and JPDA) Acreage Release Figure 2: Number of Exploration Companies with Equities in Offshore Exploration Permits, 1985-September 2009 (excludes State Waters and JPDA)Acreage Release Figure 3: Indicative Work Program Expenditure Committed in Offshore Exploration Permits Awarded, 1985-2009 (excludes State Waters and JPDA)*Acreage Release Figure 4: Award of Offshore Exploration Permits/Take-up Rates, 1985-2009 (includes Re-released Areas, excludes State Waters and JPDA)*}Acreage Release Figure 5: Bids Received for Offshore Release and Re-Release Areas, 1985-2009 (excludes State Waters and JPDA)Acreage Release Figure 6: Number of Exploration Wells in Successful Bids for Offshore Exploration Areas, 1985-2009 (includes Re-released Areas, excludes State Waters and JPDA)*Acreage Release Figure 7: Number of Bids Received and Take-up Rates, 1985-2009 (includes Re-released Areas, excludes State Waters and JPDA)*Production and DevelopmentMReserves Table 1: Petroleum Reserves Estimates by Basin, as at 1 January 2011RReserves Table 2: McKelvey Classification Estimates by Basin, as at 1 January 2011Reserves Table 3: Australia's Economic Demonstrated Resources and Production of Crude Oil, Condensate, Naturally-occuring LPG and Natural Gas 1982-2010QProduction Table 2: Crude Oil and Gas Production by Basin, pre-2001 and 2001-2010Date WorksheetUpdate/ModificationInitial ReleaseReserves tables 1-3"Production and Development Table 2Acreage Release - Figures 1-7CategoryBasin Crude Oil CondensateLPG Sales gasGLBcmTcf Category 1AdavaleAmadeusBass BonaparteBowenCanning CarnarvonCooperEromanga GippslandGunnedahOtwayPerthSuratTotalPrevious Category 2BrowseClarence/Moreton Warburton Category 1+2 Grand TotalPrevious TotalNotesCategory 1 comprises current reserves of those fields which have been declared commercial. It includes both proved and probable reserves.Category 2 comprises estimates of recoverable reserves which have not yet been delcared commercially viable; they may be either geologically proved or are awaiting further appraisal.:For McKelvey resource classification see Reserves Table 2.Y'Previous' totals refer to revised estimates of remaining reserves for the previous year.Economic Demonstrated Resources are resources judged to be economically extractable and for which the quantity and quality are computed partly from specific measurements, and partly from extrapolation for a reasonable distance on geological evidence.Subeconomic Demonstrated Resources are similar to Economic Demonstrated Resources in terms of certainty of occurrence and, although considered to be potentially economic in the foreseeable future, these resources are judged to be subeconomic at present.GFor traditional petroleum industry classification see Reserves Table 1.P'Previous' totals refer to revised estimates of resources for the previous year. End of yearGasEDRR/PReserves Table 3 - Australia's Economic Demonstrated Resources and Production of Crude Oil, Condensate, Naturally Occurring LPG and Natural Gas, 1982-2010 (gigalitres and billions of cubic metres)SReserves Table 2 - McKelvey Classification Estimates by Basin, as at 1 January 2011DReserves Table 1 - Petroleum Reserves by Basin, as at 1 January 2011TProduction table 2.1 - Crude Oil production by basin, pre-2001 and 2001 to 2010 (GL)OProduction table 2.2 - Gas production by basin, pre-2001 and 2001 to 2010 (BCM)WProduction table 2.3 - Crude Oil production by basin, pre-2001 and 2001 to 2010 (MMbbl)OProduction table 2.4 - Gas production by basin, pre-2001 and 2001 to 2010 (BCF)SProduction Table 2.1: Crude Oil Production by Basin, pre-2001 and 2001 to 2010 (GL)pre-2001 Bowen/SuratCooper/Eromanga Total by yearNProduction Table 2.2: Gas Production by Basin, pre-2001 and 2001 to 2010 (BCM)VProduction Table 2.3: Crude Oil Production by Basin, pre-2001 and 2001 to 2010 (MMbbl)NProduction Table 2.4: Gas Production by Basin, pre-2001 and 2001 to 2010 (BCF)RProduction Table 2 - Crude Oil and Gas Production by Basin, pre-2001 and 2001-2010/Economic and Subeconomic Demonstrated Resources"Subeconomic Demonstrated ResourcesEconomic Demonstrated Resourcesmillion barrelsAnnual ProductionAcreage Release Figure 2 - Number of Exploration Companies with Equities in Offshore Exploration Permits, 1985-2010 (excludes State Waters and JPDA)cAcreage Release Figure 1 - Offshore Exploration Permits, 1985-2010 (excludes State Waters and JPDA)Acreage Release Figure 4 - Award of Offshore Exploration Permits/Take-up Rates, 1985 - 2010 (includes Re-released Areas, excludes State Waters and JPDA)Acreage Release Figure 3 - Figure 3 - Indicative Work Program Expenditure Committed in Offshore Exploration Permits Awarded, 1985 - 2010 (excludes State Waters and JPDA) Acreage Release Figure 6 - Number of Exploration Wells in Successful Bids for Offshore Exploration Areas, 1985 - 2010 (includes Re-released Areas, excludes State Waters and JPDA)~Acreage Release Figure 5 - Bids Received for Offshore Release & Re-release Areas, 1985 - 2010 (excludes State Waters and JPDA)Acreage Release Figure 7 - Number of Bids Received and Take-up Rates, 1985 - 2010 (includes Re-released Areas, excludes State Waters and JPDA) Geocat Reference: 73412rŮŮƵ(2012) Oil and Gas Resources of Australia 2010. 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R Ru,-$͒S S4% B Z3OS&(Q  (A$ Millions)23 M NMR RR R ]S S4'<}UAi xxxxxxxxxxxxxxS S43 " 3O% 03O&Q423 M NMR RR R R RA]S S4<0 -$͒S S 4S S4S S4DT  \*?_A ?٨$?BJ?% T  3Ol&%Q "Figure 3 - Indicative Work Program Expenditure Committed in Offshore Exploration Permits Awarded, 1985 - 2010 (excludes State Waters and JPDA 23 M NMR RR Ru]S S4'<1A?@ xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx /xxS S4-$͒ [S S 4eee >@͒ʒ ggD  _g  dMbP?_*+%&ffffff?'ffffff?(?)?"333333?333333?n=&<3U} m} I} } m ,,,,, , , , , ,,,,,,,,,,,,,,,,; v y     $@A(@KN@A4@b6@$@C @LT@C$@c*@ @C&@LYD@C;@c7@$@C*@L,@C8@c=@$@C$@LJ@C8@c2@$ @C.@L@C;@c;@$ @C.@L:@CA@c2@$ @C @L@C:@c$@$ $@C@LA@C4@c.@$ (@C*@L@C=@c@@$,@C@L@C@C*@c4@$0@C4@L@CC@cD@$4@C:@L S@CA@cR@8@C5@LB@CM@cJ@$<@C0@L@CL@c6@$@@C3@LD@CU@c?@$D@C?@LԼ@CE@cH@$H@C2@L&@CD@c?@$L@C1@L@CA@c:@P@C9@Lfffff&T@C?@cB@$T@C:@L@C=@cN@$X@C?@M@CB@c@R@$\@W9@X`R@WA@nF@m$`@Y:@C@YA@oN@$d@`.@{б@`@@|A@$h@f3@f@f?@eM@>0F((>((((((((((>(((((>((2((4 (   n  c 4NChart 2 $@]@t  PP PZaajk&ffffff?'ffffff?(?)?"333333?333333?3&<3PH H0(  H@Z53d23   MR R R RI3~S S4 3Q: 6Number of Permits AwardedQ ;Q ;Q3_    MM<R R R Rf S S4ES S 4 3Q: $Take-up Rate (%)Qr ;Q ;Q3_  MM  !!dR R R Rug  "#S S4ES S 4D$% 0`3O&QR RS S4$% `3O&Q4FA+ 3Oc 3 bR RR RV Vdo-&! u,O  .(QRxS S43* &! 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