Oil and Gas
Darwin is rapidly emerging as a major hub for the oil and gas industry and associated services in the region.
The potential for further large scale oil and gas discoveries, and the maturing knowledge of the region’s geology, has stimulated international demand for acreage in recent times.
The Timor Sea is regarded as a highly prospective petroleum region that already hosts world scale oil and gas fields under various stages of development.
Key Facts
- In 2010-11, the value of gas and liquids production in the Northern Territory (including condensate and LPG) is estimated to have increased by 8.0% to $2.1 billion.
- The value of offshore oil production attributed to the Territory is estimated at $362 million in 2010-11
- There is currently onshore oil production at Mereenie and offshore production at Laminaria/Corallina field in the Timor Sea.
- The Bayu-Undan field and its associated Darwin LNG (DLNG) facility are operated by ConocoPhillips Australia. The field has recoverable reserves of more than 3.4 TCF (trillion cubic feet) of natural gas and approximately 400 million barrels of liquid hydrocarbons (LPG and condensate). DLNG is currently producing around 4Mtpa of LNG.
- Find out more information in our factsheets.
Source: 2011-12 NT Budget.
New Developments
Several major oil and gas fields in the Timor Sea are being considered for development. There is also a proposal by the INPEX/Total joint venture to develop the Ichthys field in the Browse Basin 800 km west of Darwin and initially build a two train LNG development at Blaydin Point near Darwin. Total Capex will exceed US$30 billion. Construction would employ over 2000 people.
For more information visit www.inpex.com.au
Service and Supply Opportunities
The Northern Territory Government facilitates major economic and resource development projects. The Northern Territory Government’s requirement for proponents to provide an Industry Participation Plan provides businesses with the opportunity to identify potential service and supply opportunities that may be available during both the construction and operational phases of the project
Project proponents are encouraged to work closely with the Northern Territory Industry Capability Network (NTICN) and to utilise the NTICN’s Project Gateway to release details of tender packages and opportunities for local businesses to provide supplies and services for these projects.
For more information contact the Northern Territory Industry Capability Network:
Telephone: +61 8 8922 9422
Facsimile: +61 8 8922 9430
Email: info-nt@nticn.com.au
Internet: www.nticn.com.au
Industry Representative Bodies
Australian Petroleum Production & Exploration Association
The Australian Petroleum Production & Exploration Association represents the upstream oil and gas industry in Australia. Member companies produce 98% of Australia’s oil and gas.
Telephone: +61 2 6247 0960
Facsimile: +61 2 6247 0548
Web: www.appea.com.au
Information from the Northern Territory Government stand at the APPEA 2012 Conference
Northern Territory Resource Council
The Northern Territory Resource Council is a membership funded organisation representing the resource sector. Membership spans mining, oil and gas, exploration and many associated service and support industries.
Telephone: +61 8 8981 4486
Facsimile: +61 8 8941 1625
Email: info@ntrc.org.au
Web: www.ntrc.org.au
Chamber of Commerce Northern Territory
The Chamber of Commerce Northern Territory is the peak representative body for the Northern Territory private sector. The International, Trade and Commerce Division within the chamber provides advice and information on exporting, importing, and other trade-related activities.
Telephone: +61 8 8982 8100
Facsimile: +61 8 8981 1405
Email: darwin@chambernt.com.au
Web: www.chambernt.com.au
Government Support
The Major Projects Asian Relations and Trade Division of the Department of the Chief Minister works to attract investment in the Northern Territory and promotes trade and business opportunities throughout the region.
Tel: +61 8 8999 5469
Fax: +61 8 8946 9556
Email: majorprojects.info@nt.gov.au
Web: www.dcm.nt.gov.au/territory_economy/facilitate_opportunities
The Department of Resources administers petroleum exploration and production activities in Commonwealth waters adjacent to the NT and in the Territory of Ashmore and Cartier Islands adjacent areas on behalf of the Commonwealth of Australia.
Tel: +61 8 8999 5511
Email: mineral.info@nt.gov.au
Web: www.nt.gov.au/d/Minerals_Energy
Content current at 6 December 2011.
