-A New Frontier Dr Nigel Long Director, Corporate Social - - PowerPoint PPT Presentation

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-A New Frontier Dr Nigel Long Director, Corporate Social - - PowerPoint PPT Presentation

Dec 17, 2023 318 likes •530 views

Oil & Gas -A New Frontier Dr Nigel Long Director, Corporate Social responsibility SACOME Who is SACOME? An industry representative body Funded by industry for industry The peak body for Government/Industry interaction/collaboration

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Dr Nigel Long Director, Corporate Social responsibility SACOME

Oil & Gas

  • A New Frontier
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Who is SACOME?

An industry representative body Funded by industry for industry The peak body for Government/Industry interaction/collaboration

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Resource Industry Snapshot 2013

20 major Mines 4 major Hydrocarbon Basins Employment 10,097 Exploration AU$600m p.a. Export Revenues 39% AU$4.3 bn Over 30 exciting Mineral and Energy Projects

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South Australian Resource Exports

  • $4,216 mil
  • $174 mil
  • $3,134 mil
  • $1,127 mil
  • $359 mil
  • $370 mil
  • $2,060 mil

Resource Exports are the largest sector contributing to South Australian exports, at over a third (39%) of total state exports of $11.4bn

(All figures in Millions; 11/12 Data)

Minerals 37% Petroleum 2%

Exports 2011-2012

Minerals Petroleum Agriculture Wine Machinery Road Vehicles Other

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Exploration expenditure by commodity

(2011-2012)

(Source: ABS, cat. 8412.0, June 2012)

Uranium 6.6% Iron Ore 15.6% Gold 1.9% Ag, Pb, Zn, Ni, Co 2.7% Copper 29.1% Mineral Sands 1.4% Coal 0.9% Petroleum $174.3m 34.7% Other 7.2%

Total expenditure = $502.7 million

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Project Pipeline

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The Future…

23 Mines by 2015 40 Mines by 2020 $275 million in Royalties by 2015 +14000 new direct jobs Infrastructure Spend, > $59 bn by 2020 Upstream petroleum & geothermal expenditure to reach $800+ million Resource Revenues, est. $14 bn+ within 6 years $18.4 bn in potential Mineral Revenues in the pipeline

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A global contest

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Proactive Industry Support

Access to land Business environment Infrastructure Better Regulation Community engagement Institute proactive policies on:

  • Indigenous Land Use Agreements
  • Indigenous economic development
  • Skills and Education
  • Professional Development
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v

Federal Election Priorities

Exploration Tax Credit Rescinding the MRRT PRRT Rescind the Carbon Tax Streamline Federal Environmental Approval Process Infrastructure

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Oil and Gas in Australia

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Oil and Gas in SA

2 main production Basins

  • Cooper Basin (1963)
  • Otway Basin (1987)

2 main prospective Basins

  • Arckaringa Basin
  • Bight Basin (offshore)
  • Ceduna & Duntroon Sub-

Basins

Ceduna Sub-basin Duntroon Sub-basin Cooper Basin Otway Basin Arckaringa Basin

Image courtesy of DMITRE

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Oil and Gas sales in SA 1970-2011

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Cooper Basin

  • South Australia’s premier Basin

First Gas 1963, Oil 1978 35,000km2 Depth to targets 1250-3670m 85 Tcf recoverable gas 29 Bbbl risked in-place oil Shale Gas Revolution

  • Remaining reserves and resources
  • Risked recoverable 93 Tcf
  • Risked in-place shale 325 Tcf

Image courtesy of DMITRE

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Otway Basin

  • Untapped potential

Contains both mature and immature plays

  • Jurassic to Late Cretaceous

Onshore and Offshore prospectivity Current gas producing basin

  • First Gas 1987

Current petroleum production from Katnook plant. Production in 2011

– 387.7 TJ Gas – 919 kL Condensate

Close proximity to existing pipeline infrastructure

  • SEAGas Pipeline

Image courtesy of DMITRE

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Bight Basin

  • Offshore South Australia

Under-explored Current exploration permits:

  • BP
  • Bight Petroleum

Planned exploration expenditure:

  • BP - $1.4bn, 3D seismic, 4 wells
  • Bight Petroleum - $67.6mil, 2D & 3D seismic, 1 well

Acreage releases around BP permits of 699 blocks (~70km2 ea.) Primary targets in the Ceduna and Duntroon Sub-Basins

Image courtesy of DMITRE

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Arckaringa Basin

  • Prospective future

Large Lignite deposits Under-explored Current investment in Coal Gasification technologies Recent announcement of a potential 103 to 233 Bbbl shale oil find (Linc Energy ASX release) Majority of Basin located outside and within the Woomera Prohibited Area (WPA) Green Zone

Image courtesy of DMITRE

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Fraser Institute Petroleum Survey 2012

South Australia ranked top in Australia in the All- Inclusive Index. Ranked in the top 20% of 147 worldwide petroleum jurisdictions. World best Geological database in quality, and accessibility.

“Best organised. Only jurisdiction that anticipates problems. Most competent and knowledgeable staff” “Ease of dealing with government departments and acquiring the necessary information.”

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Industry and Government

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Questions?