Publication Name: The Sedimentary Basins of WA
Authors: S.R. le Poidevin and R.D. Lowden
Publication Volume: 1
Date Published: July 1994
Number of Pages: 18
Reference Type: Book Section
Abstract:
This paper summarises the oil and gas production, the known reserves, and the potential for further discoveries of resources of oil-and gas in the Bonaparte, Browse, Canning, Carnarvon, and Perth basins of Western Australia.Production during 1993 of oil and condensate from the Western Australian basins, including that part of the Bonaparte which lies outside Western Australian State waters, was around 150 000 barrels per day. This represents some 30 percent of total national oil and condensate production. Gas production from these basins, at around one billion cubic feet per day, now represents about SO percent of national production.
The remaining reserves in the Western Australian basins provide for a reserves/production ratio (R/P) of 31 years for crude oil plus condensate, and 147 years for gas, taking into account both Category 1 and Category 2 discoveries and assuming current production rates.
Published estimates of the potential for future discoveries in these basins indicate that, at the average level of expectation, over one billion barrels of oil, and over 14 TCF of gas could be discovered and brought into production within the next 20 to 25 years.