ECONOMICS OF PETROLEUM EXPLORATION OFFSHORE AUSTRALIA AND SOUTHEAST ASIA

1994 ◽  
Vol 34 (1) ◽  
pp. 887
Author(s):  
Guy Allinson ◽  
Mark Elliston

The aim of this paper is to assess the economic attractiveness of exploring for crude oil offshore the North West Shelf of Australia by comparison with selected areas offshore Indonesia, Malaysia, Vietnam and the Philippines. In order to do this, the paper examines the technical, quantifiable factors which affect offshore petroleum exploration acreage acquisition decisions at the country level. These factors are historical prospectivity, costs of field development and fiscal regime. Other factors such as political, macro-economic and business risks are not considered.The paper concludes that there are significant differences between the countries as indicated by these measures. Past exploration in the Barrow/Dampier area of the North West Shelf of Australia has shown high levels of success by comparison with the other countries. This relatively high success rate coupled with comparatively low costs of field development and lenient fiscal regimes makes the economics of exploration on the North West Shelf favourable by comparison with those selected areas in the other countries considered.

1874 ◽  
Vol 1 (1) ◽  
pp. 1-2
Author(s):  
Edward Hull

This granite forms an isolated mass, rising into two eminences a few miles south of Louisburg, called Corvock Brack (1287 feet) and Knockaskeheen (1288 feet). It is a greyish granite—generally fine—grained—consisting of quartz, two felspars,—one orthoclase, the other triclinic, probably oligoclase—and dark green mica. In some places there are patches in which the felspar assumes the appearance of “graphic granite.” Numerous boulders of this granite are strewn over the district to the north-west, and on the south side of Knockaskeheen; the rock is traversed by regular joints ranging N. 10 W., along which it splits off into nearly vertical walls. The position of the granite is shown on Griffith's Geological Map of Ireland, and it is surrounded by schistose beds, generally metamorphosed, and probably of Lower Silurian age. The granite itself is of older date than the Upper Llandovery beds, which lie to the southward.


2013 ◽  
Vol 29 (1) ◽  
pp. 35-47
Author(s):  
Claire Warden

The multi-spatial landscape of the North-West of England (Manchester–Salford and the surrounding area) provides the setting for Walter Greenwood's 1934 play Love on the Dole. Both the urban industrialized cityscape and the rural countryside that surrounds it are vital framing devices for the narrative – these spaces not simply acting as backdrops but taking on character roles. In this article Claire Warden reads the play's presentation of the North through the concept of landscape theatre, on the one hand, and Raymond Williams's city–country dialogism on the other, claiming that Love on the Dole is imbued with the revolutionary possibility that defines the very landscape in which it is set. From claustrophobic working-class kitchen to the open fields of Derbyshire, Love on the Dole has a sense of spatial ambition in which Greenwood regards all landscapes as tainted by the industrial world while maintaining their capacity to function independently. Ugliness and beauty, capitalist hegemony and socialistic hopefulness reside simultaneously in this important under-researched example of twentieth-century British theatre, thereby reflecting the ambivalent, shifting landscape of the North and producing a play that cannot be easily defined artistically or politically. Claire Warden is a Lecturer in Drama at the University of Lincoln. Her work focuses on peripheral British performances in the early to mid-twentieth century. She is the author of British Avant-Garde Theatre (Palgrave MacMillan, 2012) and is currently writing Modernist and Avant-Garde Performance: an Introduction for Edinburgh University Press, to be published in 2014.


2015 ◽  
Vol 36 ◽  
pp. 51-59
Author(s):  
Вера [Vera] Астрэйка [Astrėĭka]

The Baltic elements in the grammar of traditional local dialects of north-western BelarusThe article analyzes a number of grammatical features typical for the North-West dialect zone of the Belarusian language. These peculiarities are interpreted as a possible result of Slavic-Baltic contacts in the region. Some phenomena can be explained as a Baltic (mainly (great)Lithuanian) substratum in North-West Belarusian dialects.The factor of areal neighborhood has to be taken into consideration too. Such phenomenon as language support has effect just in connection with the last one. A lot of the appropriate lingual facts are in restricted and inconsistent use. However, it is possible to be said about more or less significant (now or/and before) tendencies of regional lingual development. These tendencies has not got the status of a structural (= constitutional) lingual regularity. As a rule the wide and compact areas are characterized of some lingual facts (= lexemes), which illustrate the given transformations in the system of Belarusian dialects. Baltic influence upon the North-West Belarusian dialects grammar is detected on as the formal level so the structural one. And it is not noticeable at all times. The definite changes in the sphere of morphology and syntax can provoke different modifications in the other parts of a language system (word building, semantics). The results of this process are the evidences of ethnic and language assimilation of native Balts by Slavs in the region. That comes in support of forming the singular North-West Belarusian regiolect (= the regionally marked variety of a dialect language). Балтийские грамматические элементы в говорах северо-западной БеларусиВ статье анализируется ряд грамматических черт, характерных для говоров северо-западной диалектной зоны беларусского языка. Эти особенности квалифицируются автором как весьма вероятное следствие славяно-балтского языкового взаимодействия в соответствующем регионе. Отдельные явления есть основания рассматривать в качестве возможного проявления балтского (главным образом (пра-) литовского) субстрата в северо-западных беларусских говорах. Фактор ареальной смежности здесь также должен быть принят во внимание. В связи с последним следует упомянуть и действие феномена языковой поддержки. Многие соответствующие языковые факты имеют существенные ограничения в употреблении, в говорах выступают не всегда последовательно и регулярно. В некоторых случаях, однако, можно говорить о действии более или менее выраженных (в настоящем и/или прошлом) тенденций регионального языкового развития, которые пока не приобрели статус структурно значимой (= конститутивной) языковой закономерности. Широкие и компактные ареалы образуют, как правило, лишь отдельные языковые факты (= лексемы), иллюстрирующие данные трансформации в системе традиционных беларусских говоров. Балтское влияние на грамматический строй беларусских говоров северо-западной диалектной зоны выявляется как в плане формального выражения, так и на внутриструктурном уровне. Оно не всегда может быть заметно на первый взгляд. Определенные сдвиги в сфере морфологии и синтаксиса могут повлечь за собой изменения в других областях языковой системы (словообразовании, семантике). Результаты этого процесса являются ярким свидетельством того, что на отмеченной территории действительно имела место этноязыковая ассимиляция неславянского (= балтского) населения и происхо- дило формирование своеобразного северо-западного беларусского региолекта (= регионально обусловленной разновидности диалектной речи).


2005 ◽  
Vol 45 (1) ◽  
pp. 13
Author(s):  
A.J. McDiarmid ◽  
P.T. Bingaman ◽  
S.T. Bingham ◽  
B. Kirk-Burnnand ◽  
D.P. Gilbert ◽  
...  

The John Brookes gas field was discovered by the drilling of John Brookes–1 in October 1998 and appraisal drilling was completed in 2003. The field is located about 40 km northwest of Barrow Island on the North West Shelf, offshore West Australia. The John Brookes structure is a large (>90 km2) anticline with >100 m closure mapped at the base of the regional seal. Recoverable sales gas in the John Brookes reservoir is about 1 Tcf.Joint venture approval to fast track the development was gained in January 2004 with a target of first gas production in June 2005. The short development time frame required parallel workflows and use of a flexible/low cost development approach proven by Apache in the area.The John Brookes development is sized for off-take rates up to 240 TJ/d of sales gas with the development costing A$229 million. The initial development will consist of three production wells tied into an unmanned, minimal facility wellhead platform. The platform will be connected to the existing East Spar gas processing facilities on Varanus Island by an 18-inch multi-phase trunkline. Increasing the output of the existing East Spar facility and installation of a new gas sweetening facility are required. From Varanus Island, the gas will be exported to the mainland by existing sales gas pipelines. Condensate will be exported from Varanus Island by tanker.


2007 ◽  
Vol 47 (1) ◽  
pp. 163 ◽  
Author(s):  
P. E. Williamson ◽  
F. Kroh

Amplitude versus offset (AVO) technology has proved itself useful in petroleum exploration in various parts of the world, particularly for gas exploration. To determine if modern AVO compliant processing could identify potential anomalies for exploration of open acreage offshore Australia, Geoscience Australia reprocessed parts of four publicly available long cable lines. These lines cover two 2006 acreage release areas on the Exmouth Plateau and in the Browse Basin on the North West Shelf. An earlier study has also been done on two publicly available long cable lines from Geoscience Australia’s Bremer Basin study and cover areas from the 2005 frontier acreage release on the southern margin. The preliminary results from these three reprocessing efforts produced AVO anomalies and were made publicly available to assist companies interested in assessing the acreage. The results of the studies and associated data are available from Geoscience Australia at the cost of transfer.The AVO data from the Exmouth Plateau show AVO anomalies including one that appears to be at the Jurassic level of the reservoir in the Jansz/Io supergiant gas field in adjacent acreage to the north. The AVO data from the Caswell Sub-basin of the Browse Basin show an AVO anomaly at or near the stratigraphic zone of the Brecknock South–1 gas discovery to the north. The geological settings of strata possibly relating to two AVO anomalies in the undrilled Bremer Basin are in the Early Cretaceous section, where lacustrine sandstones are known to occur. The AVO anomalies from the three studies are kilometres in length along the seismic lines.These preliminary results from Geoscience Australiaand other AVO work that has been carried out by industry show promise that AVO compliant processing has value—particularly for gas exploration offshore Australia—and that publicly available long-cable data can be suitable for AVO analysis.


2009 ◽  
Vol 49 (1) ◽  
pp. 465
Author(s):  
Thomas Bernecker

The Australian Government formally releases new offshore exploration areas at the annual APPEA conference. This year, 31 areas plus two special areas in five offshore basins are being released for work program bidding. Closing dates for bid submissions are either six or twelve months after the release date (i.e. 3 December 2009 and 29 April 2010), depending on the exploration status in these areas is and on data availability. The 2009 release areas are located in Commonwealth waters offshore Northern Territory, Western Australia, South Australia and Victoria, comprising intensively explored areas close to existing production as well as new frontiers. As usual, the North West Shelf features very prominently and is complimented by new areas along the southern margin, including frontier exploration areas in the Ceduna Sub-basin (Bight Basin) and the Otway Basin. The Bonaparte Basin is represented by one release area in the Malita Graben, while five areas are available in the Southern Browse Basin in an under-explored area of the basin. A total of 14 areas are being released in the Carnarvon Basin, with eight areas located in the Dampier Sub-basin, three small blocks in the Rankin Platform and three large blocks on the Northern Exmouth Plateau (these are considered a deep water frontier). In the south, six large areas are on offer in the Ceduna Sub-basin and five areas of varying sizes are being released in the Otway Basin, including a deep water frontier offshore Victoria. The special release areas are located in the Petrel Sub-basin, Bonaparte Basin offshore Northern Territory, and encompass the Turtle/Barnett oil discoveries. The 2009 offshore acreage release offers a wide variety of block sizes in shallow as well as deep water environments. Area selection has been undertaken in consultation with industry, the states and Territory. This year’s acreage release caters for the whole gamut of exploration companies given that many areas are close to existing infrastructure while others are located in frontier offshore regions. As part of Geoscience Australia’s Offshore Energy Security Program, new data has been acquired in offshore frontier regions and have yielded encouraging insights into the hydrocarbon prospectivity of the Ceduna-Sub-basin.


1967 ◽  
Vol 7 (1) ◽  
pp. 16
Author(s):  
M. A. Condon

Exploration for petroleum in Australia paused in 1966 and this pause is likely to continue in 1967.The number of wells drilled and seismic activity will both be slightly less in 1967 than in 1966, but the work will generally be directed to more specific targets. The cost of exploration will be somewhat higher than in 1966.During the year off-shore drilling should increase and it is expected that five mobile rigs will be drilling in the offshore areas by the end of the year. The immediate structural targets available for these rigs are in the Gippsland, Bass and Otway Basins (Victoria-Tasmania), the North-West Shelf and Timor Sea-Bonaparte Gulf, and in the Gulf of Papua.Onshore exploration will be concentrated in the western Australian basins, the Surat Basin, the central Great Artesian Basin, and the Gidgealpa region of the southwestern Great Artesian Basin.The success or otherwise of the off-shore drilling will determine the rate of exploration over the next few years. If important discoveries are made off-shore, these may and probably would result in more intensive exploration of the same stratigraphic intervals onshore.The exploration patterns of Australia and several other countries before and after first commercial discovery are compared. This indicates that Australian discovery came early, as compared with other countries, where production has developed since the war, but that post-discovery effort in Australia has been very much less. The main obvious differences appear to be that in Australia the average size of the exploration concession is very much larger and the number of operators (having regard to the areas concerned) is much smaller, than in the other successful countries.There has been a gradual movement towards reducing the size of operating areas in Australia either by obligatory relinquihment or by farmout, but if discoveries are to be made at a satisfactory rate more operators are needed in every basin.The economic environment of Australia vis-a-vis Middle East oil and oil markets is probably the main basic reason for the peculiar exploratory pattern, which has impelled the Government to provide financial incentives to encourage exploration and development.


The Geologist ◽  
1861 ◽  
Vol 4 (11) ◽  
pp. 468-469
Author(s):  
George E. Roberts

Some other memoranda which I find among my papers relating to this work (for a section of which, with particulars of shaft-sinking, see “Geologist” of last month) may not be unacceptable to your coal-mining readers.The spot where the shaft was sunk was 476 feet above the level of the Severn Valley Railway at Eymoor, and about 510 feet above the ordinary height of the River Severn, from which it was distant about two miles. The coal seam met with and worked at the depth of 176 yards, has in other parts of the coal-field a thickness of four feet. The colliers regard it as a Flying Reed (red?) coal. Two of the thin coal-seams afterwards sunk through were entirely made up of the remains of Sigillariæ; the coal, in consequence, was “long grained” and slaty. These Sigillarian coals have a considerable range through the Wyre Forest field, and in common with most of the other seams, crop out along the western border. At the Baginswood pits, in the north-west corner of the coal·field, the upper coal, two feet four inches in thickness, worked by hand-draw, being only ten yards from surface, is a most interesting seam, made up entirely of compressed Sigillariæ.


2019 ◽  
Vol 12 (3) ◽  
pp. 442-455 ◽  
Author(s):  
Huthaifa Alqaralleh

Purpose This paper aims to examine asymmetries in the house price cycle and to understand the dynamic of housing prices, incorporating macroeconomic variables at regional and country level, namely, housing affordability, the unemployment rate, mortgage rate and inflation rate. Design/methodology/approach To highlight significant differences in the asymmetric patterns of house prices between regions, the STAR model is adopted. Findings The authors highlight significant differences in the asymmetric patterns of house prices between regions, in which some areas showed asymmetric response over the housing cycle; here the LSTAR model outperforms other models. In contrast, some regions (the South West and the North West) showed symmetric properties in the tails of the cycle; therefore, the ESTAR model was adopted in their case. Practical implications Being limited to a few fundamentals, this study opens an avenue for further research to investigate this dynamic using in addition such demand-supply factors as land supply, construction cost and loans made for housing. These findings can also be used to examine whether other models such as ARIMA, exponential smoothing or artificial neural networks can more accurately forecast housing prices. Originality/value The present paper aims to highlight housing affordability as a cause of asymmetric behaviour in house prices. Put differently, the authors seek to understand the dynamics of housing prices with other fundamentals incorporating macroeconomic variables in regions and country level data as a means of achieving a more concise result.


Sign in / Sign up

Export Citation Format

Share Document