2012 offshore petroleum exploration acreage release

2012 ◽  
Vol 52 (1) ◽  
pp. 1
Author(s):  
Tania Constable
Keyword(s):  
Natural Gas ◽  
Production Capacity ◽  
Investment Decisions ◽  
Rapid Expansion ◽  
Petroleum Exploration ◽  
Australian Government ◽  
Investment Opportunities ◽  
Water Depths ◽  
Made In ◽  
Offshore Petroleum

Australia has abundant natural gas reserves and is experiencing a rapid expansion of its liquefied natural gas (LNG) production capacity. In 2011 alone, four Australian LNG projects received final investment decisions (FIDs) and another FID was made in the first weeks of 2012. These projects will add more than 33 million tonnes of new LNG capacity, represent more than $100 billion in investment, and will see Australia become the world’s second largest LNG exporter by 2015. These projects are underpinned by Australia’s stable economic environment and our effective and efficient legislative regime that provides the industry the confidence to pursue a variety of investment opportunities. The essential first step covered by this regime is exploration, which is supported by Australia’s annual Offshore Petroleum Exploration Acreage Release. Prepared by the Department of Resources, Energy and Tourism and Geoscience Australia, the annual Acreage Release is the key mechanism used by the Australian Government to encourage investment in petroleum exploration. The 2012 Acreage Release areas have been carefully selected to offer the global petroleum exploration industry a variety of investment opportunities. Areas vary in size, level of existing geological knowledge, and are located in a range of water depths. Selected areas are supported by pre-competitive geological and geophysical data and analysis undertaken by Geoscience Australia. The detailed Acreage Release information package is available at online at www.petroleum-acreage.gov.au or by visiting the Commonwealth Government’s booth at the APPEA conference.

2013 offshore petroleum exploration acreage release

2013 ◽  
Vol 53 (1) ◽  
pp. 63
Author(s):  
Tania Constable
Keyword(s):  
Capital Expenditure ◽  
Petroleum Industry ◽  
Production Capacity ◽  
Rapid Expansion ◽  
Petroleum Exploration ◽  
Production Models ◽  
Investment Opportunities ◽  
Trading Partners ◽  
Under Construction ◽  
Offshore Petroleum

Exploration is essential for the future of Australia’s resources sector, to enhance our international competitiveness and ensure the long-term growth of this important industry while maintaining Australian energy security and that of our major energy trading partners. Encouraging investment in offshore petroleum exploration is facilitated though the annual Offshore Petroleum Exploration Acreage Release prepared in collaboration between the Department of Resources, Energy and Tourism, and Geoscience Australia. The annual release is underpinned by a stable economic environment, and a regulatory framework that provides the industry with a variety of investment opportunities. Australia has abundant natural gas reserves and is experiencing a rapid expansion of its LNG production capacity. Today, Australia is the world’s fourth-largest exporter of LNG, with a total export capacity of 24.3 million tonnes per annum from its three operational projects. Capacity will further increase to around 80 million tonnes per annum in 2017 once the seven projects presently under construction come online. These projects represent more than US$175 billion in capital expenditure announced since mid-2007, and result in Australia becoming the only country to use three LNG production models: conventional offshore gas with onshore LNG production; FLNG production; and, CSG-based LNG production. This paper will provide detail about the acreage included in the 2013 Offshore Petroleum Exploration Acreage Release. Areas are carefully selected to offer the global petroleum industry a variety of investment opportunities. This paper will also discuss the supporting regulatory environment and new government initiatives, including the introduction of a five-year exploration strategy for acreage release and the introduction of a cash bidding system as part of future offshore petroleum acreage releases.

2014 Offshore Petroleum Exploration Acreage Release

2014 ◽  
Vol 54 (1) ◽  
pp. 377
Author(s):  
Tania Constable
Keyword(s):  
Natural Gas ◽  
Petroleum Industry ◽  
Production Capacity ◽  
Petroleum Exploration ◽  
Best Interests ◽  
Australian Government ◽  
Regulated Markets ◽  
Trading Partners ◽  
Offshore Petroleum

The potential for natural gas to fuel economic growth around the world is tremendous. Australia has a pivotal role to play with our abundant natural gas reserves and record levels of investment in LNG production capacity. Australia is presently the world’s third-largest exporter of LNG, with an export capacity of 24.3 million tonnes per annum (mtpa) from three operational projects. Capacity will increase to around 90 mtpa by 2018, once the seven projects being constructed come online. The Australian Government is committed to ensuring the long-term growth of the petroleum industry, and the promotion of competitive, sustainable and well-regulated markets operating in the best interests of the nation. Exploration is essential for the future of Australia’s resources sector to enhance our international competitiveness while maintaining Australian energy security and that of our energy trading partners. Investment in offshore petroleum exploration is facilitated though the annual Offshore Petroleum Exploration Acreage Release prepared by the Australian Government Department of Industry and Geoscience Australia. The Offshore Petroleum Exploration Acreage Release is underpinned by a stable economic environment and clear regulatory framework that provides investment certainty and security of title. This paper provides details about the acreage included in the 2014 Offshore Petroleum Exploration Acreage Release. All areas are supported by geological data and analysis from Geoscience Australia. This paper also discusses the introduction of cash bidding for mature areas and areas containing known petroleum accumulations, in addition to Australian Government initiatives in the offshore petroleum sphere.

2010 Offshore petroleum exploration release

2010 ◽  
Vol 50 (1) ◽  
pp. 1
Author(s):  
John Hartwell
Keyword(s):  
Water Depth ◽  
Regulatory Framework ◽  
Geophysical Data ◽  
Petroleum Exploration ◽  
Economic Environment ◽  
Geological Data ◽  
Australian Government ◽  
Investment Opportunities ◽  
Offshore Petroleum

The sustainable annual release of quality petroleum exploration acreage, to provide the global petroleum exploration industry with a variety of investment opportunities in Australian waters, is a key objective of the Australian Government. The annual Offshore Petroleum Exploration Acreage Release (Acreage Release) is underpinned by Australia’s stable economic environment and well-established regulatory framework for offshore petroleum activities. The 2010 Acreage Release areas are located across five basins. Release areas have been carefully selected to offer a range of investment opportunities; areas vary in size, known prospectivity, water depth and level of existing geological data and knowledge. Areas are supported by pre-competitive geological and geophysical data and analysis undertaken by Geoscience Australia.

2011 offshore petroleum exploration acreage release

2011 ◽  
Vol 51 (1) ◽  
pp. 1
Author(s):  
Tania Constable
Keyword(s):  
Sustainable Development ◽  
Energy Consumption ◽  
Energy Security ◽  
Petroleum Exploration ◽  
China And India ◽  
Investment Opportunities ◽  
Petroleum Reserves ◽  
Economic Considerations ◽  
Water Depths ◽  
Offshore Petroleum

Australia has abundant natural gas reserves and is presently the world's fourth largest exporter of LNG. New projects and strengthening demand, led by rising energy consumption in China and India, is expected to increase Australia’s ranking to second by 2015. The discovery of new petroleum reserves also has the potential to reduce Australian energy import dependence and increase supply certainty.With sustainable development and energy security in mind, the Department of Resources, Energy and Tourism is leading the development of the Government’s resources policy to facilitate investment in Australia’s upstream petroleum industry.The 2011 Australian Offshore Petroleum Exploration Acreage Release offers the global petroleum exploration industry a variety of investment opportunities. Release areas are located across nine basins, vary in size and level of existing geological knowledge, are located in a range of water depths, and are supported by pre-competitive and open-file geological and geophysical data.The Acreage Release is underpinned by a stable economic environment and well established regulatory framework, which seeks to balance environmental, social and economic considerations during the development of Australia’s natural resources.The detailed Acreage Release information package is available at online at www.petroleum-acreage.gov.au or by visiting the Commonwealth Government’s booth at the APPEA conference.

2008 offshore petroleum exploration acreage release

2008 ◽  
Vol 48 (1) ◽  
pp. 357
Author(s):  
John Hartwell
Keyword(s):  
Full Range ◽  
Petroleum Exploration ◽  
Tax Incentive ◽  
Water Depths ◽  
Offshore Petroleum

The 2008 Offshore Petroleum Acreage Release comprises 35 areas located across five basins. The areas cover a full range of water depths, and range from frontier to mature in exploration status and offer opportunities for exploration companies of all sizes. Seven of these release areas are classified as Designated Frontier Areas and are subject to the frontier exploration tax incentive. losing dates for applications are: the first bidding round for 17 areas closes on 9 October 2008; and, the second bidding round for a further 18 areas closes on 9 April 2009.

scholarly journals Development in petroleum exploration offshore West Greenland during 1977

1978 ◽  
Vol 90 ◽  
pp. 32-36
Author(s):  
G Henderson
Keyword(s):  
Continental Shelf ◽  
Continental Slope ◽  
Petroleum Exploration ◽  
Well Logs ◽  
Sea Floor ◽  
West Greenland ◽  
Early Autumn ◽  
Water Depths ◽  
Made In

Four wells were drilled offshore West Greenland during the summer and early autumn of 1977, these bringing to five the total number of wells drilled so far in this region (Table 2). Three of the wells were situated in water depths of 104 to 163 m on the continental shelf while the fourth, Ikermiut 1, was drilled in 447 m of water on the continental slope (fig. 11). All four wells were dry holes, and were plugged and abandoned immediately after completion of the drilling, all installations being cut off below the sea floor. GGU staff were closely involved, together with other representatives from the Ministry for Greenland, in the assessment of the drilling programmes in advance of the drilling, and GGU was represented on the ministerial group that followed the progress made in each well from day to day. GGU staff paid at least two inspection visits to each of the drilling platforms. Cuttings samples, core splits and copies of all well logs were submitted to the Ministry by the operators and are currently being worked on independently by the Survey. Numerous discussions were held throughout the year with representatives of the operating companies that were drilling or had drilled wells offshore.

Qatar’s inward and outward investment will likely grow

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Economic Impact ◽  
United Arab Emirates ◽  
Investment Decisions ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
Financial Investment ◽  
Investment Opportunities

Significance Having largely overcome the economic impact of the regional boycott, Qatar is doubling down on efforts to attract inward investment. At the same time as seeking foreign participation to expand its liquified natural gas (LNG) output, Doha is once again pushing diversification. Meanwhile, it has restructured the leadership of the Qatar Investment Authority (QIA), its sovereign wealth fund. Impacts Major investment opportunities from the QIA will influence geopolitical calculations. Companies investing in Qatar may risk losing favour in Saudi and the United Arab Emirates (UAE). Deals for new LNG trains will influence financial investment decisions on other LNG projects internationally.

2021 Offshore petroleum exploration acreage release

2021 ◽  
Vol 61 (2) ◽  
pp. 291
Author(s):  
Paul Trotman
Keyword(s):  
Manufacturing Industry ◽  
Oil And Gas ◽  
Domestic Demand ◽  
Liquefied Natural Gas ◽  
Petroleum Exploration ◽  
Demand Growth ◽  
Regulatory Frameworks ◽  
The Future ◽  
Policy Work ◽  
Offshore Petroleum

In 2020, the liquefied natural gas (LNG) trade saw a modest increase of 1%, which is in contrast to the strong growth of previous years. Recently, the global LNG trade has picked up following the easing of impacts from the pandemic and demand growth in Asia. An increase of 6% in the global LNG trade is expected in 2021 and 2022. Domestic demand for gas remains high, with gas being used both for residential supply and also as an essential feedstock for the manufacturing industry. With a projected domestic gas shortfall, the future exploration and development of oil and gas will play a key role in ensuring access to secure, reliable and affordable energy in the future as well as assisting economic recovery from the pandemic. The importance of remaining an attractive investment destination is essential. Our challenge is to not only strike the balance of being agile and adaptive to market disruptions but also provide robust policy and regulatory frameworks to underpin future investment in the sector. Against this backdrop, this paper provides details of the 2021 offshore petroleum exploration acreage release and information about the ongoing policy work of the department.

Positioning the Tata Nano (B)

2017 ◽  
pp. 1-2
Author(s):  
Alice M. Tybout ◽  
Natalie Fahey
Keyword(s):  
Production Capacity ◽  
Frame Of Reference ◽  
Product Launch ◽  
Limited Capacity ◽  
Brand Positioning ◽  
Decision Point ◽  
Safety Issues ◽  
Indian Consumers ◽  
Two Stages ◽  
Made In

The case focuses on positioning a new brand, the Tata Nano. The car has been widely publicized as the world's cheapest car at Rs.1 lakh. Students must consider the gap between the ultimate target, the huge emerging middle class of Indian consumers, and the limited capacity and distribution available in choosing a target. They also must select between alternative competitive frames and the various points of difference they highlight. The case unfolds in two stages. The first decision point is in 2009, at the launch of the time of the product launch. The second decision point is 18 months later, after production capacity has increased and some product safety issues have arisen.The primary goal of the case is to illustrate the choices made in developing a strong brand positioning and the interrelationship between these choices. Students select a target and an appropriate competitive frame of reference and point of difference for that target and summarize these elements in a positioning statement. The case also highlights importance of making promotion and distribution decisions that are consistent with the positioning.

ADDITIONAL HEAT FLOW DETERMINATIONS IN THE AREA OF MOULD BAY, ARCTIC CANADA

1966 ◽  
Vol 3 (2) ◽  
pp. 237-246 ◽  
Author(s):  
W. S. B. Paterson ◽  
L. K. Law
Keyword(s):  
Heat Flow ◽  
Canadian Arctic ◽  
The Arctic ◽  
Canadian Arctic Archipelago ◽  
General Area ◽  
Geothermal Heat ◽  
Field Methods ◽  
The Mean ◽  
Water Depths ◽  
Made In

Seven determinations of geothermal heat flow were made in the general area of southern Prince Patrick Island in the Canadian Arctic Archipelago. Measurements were made from sea ice in water depths of between 200 and 600 m. The mean heat flow for the two stations on the continental shelf in the Arctic Ocean was 0.46 ± 0.08 μcal cm−2 s−1. The mean heat flow for the five stations in the channels to the east of Mould Bay was 1.46 ± 0.16 μcal cm−2 s−1. The instrument and field methods are described. Errors due to the instrument and to the environment are discussed.

Sign in / Sign up

Export Citation Format

Share Document