Australia Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2013

Australia Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2013

Summary

This profile is the essential source for top-level industry data and information relating to the Exploration and Production industry in Australia. It provides asset level information relating to the active and planned oil and gas fields and exploration blocks in Australia. The profiles of the major companies operating in the upstream industry of Australia are also included in the report. The latest news and deals pertaining to the sector are also provided and analyzed.

Scope

• Updated information relating to all active and planned exploration blocks.
• Provides historical and forecast data and information for all the major operating and planned crude oil and natural gas fields.
• Details operators and equity partners of oil and gas fields and exploration blocks.
• Includes information relating to license round details, start and end dates, acreage, location, and reserves.
• Information on the top companies in the sector including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

• Obtain the most up to date information available on exploration licenses and oil and gas fields.
• Identify growth markets and opportunities in the industry.
• Facilitate market analysis and forecasting of future industry trends.
• Facilitate decision making on the basis of strong historic and forecast data data.
• Assess your competitor’s exploration and production asset portfolio.
• Understand and respond to your competitors business structure, strategy and prospects.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies.

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Australia Exploration And Production Sector 10
2.1 Australia, Key Data 10
2.2 Australia, Exploration And Production Assets Map 11
2.3 Australia Exploration and Production Sector, Production 12
2.3.1 Australia Exploration and Production Sector, Crude Oil-Historical Production 12
2.3.2 Australia Exploration and Production Sector, Natural Gas-Historical Production 13
2.3.3 Australia Exploration and Production Sector, Crude Oil Production by Assets 14
2.3.4 Australia Exploration and Production Sector, Natural Gas Production by Assets 17
2.3.5 Australia Exploration and Production Sector, Crude Oil Production by Company 20
2.3.6 Australia Exploration and Production Sector, Natural Gas Production by Company 21
2.4 Australia Exploration and Production Sector, Forecasts 23
2.4.1 Australia Exploration and Production Sector, Crude Oil Forecasted Production 23
2.4.2 Australia Exploration and Production Sector, Natural Gas Forecasted Production 24
2.4.3 Australia Exploration and Production Sector, Crude Oil Gross Revenue Forecast 25
2.4.4 Australia Exploration and Production Sector, Natural Gas Gross Revenue Forecast 26
2.4.5 Australia Exploration and Production Sector, Government Take Forecast of Crude Oil Assets 27
2.4.6 Australia Exploration and Production Sector, Government Take Forecast of Natural Gas Assets 28
2.4.7 Australia Exploration and Production Sector, Contractor Take Forecast of Crude Oil Assets 29
2.4.8 Australia Exploration and Production Sector, Contractor Take Forecast of Natural Gas Assets 30
2.5 Australia Exploration And Production Sector, Asset Details 31
2.5.1 Australia Exploration And Production Sector, Active Crude Oil Asset Details 31
2.5.2 Australia Exploration And Production Sector, Planned Crude Oil Asset Details 32
2.5.3 Australia Exploration And Production Sector, Active Natural Gas Asset Details 32
2.5.4 Australia Exploration And Production Sector, Planned Natural Gas Asset Details 33
2.6 Australia Exploration And Production Sector, Exploration 34
2.6.1 Australia Exploration And Production Sector, Total Active Exploration Blocks 34
2.6.2 Australia Exploration And Production Sector, Active Exploration Blocks by Company 34
2.6.3 Australia Exploration And Production Sector, Exploration Details 40

3 Profile of Santos Ltd. 64
3.1 Santos Ltd., Key Information 64
3.2 Santos Ltd., Company Overview 64
3.3 Santos Ltd., Business Description 64
3.3.1 Santos Ltd., Business Description, Business Overview 64
3.3.2 Santos Ltd., Business Description, Exploration and Production Segment 65
3.3.3 Santos Ltd., Business Description, Major Products and Services 66
3.4 Santos Ltd., Value Chain Analysis 67
3.4.1 Santos Ltd., Value Chain Analysis, Upstream 67
3.4.2 Santos Ltd., Value Chain Analysis, Midstream 68
3.5 Santos Ltd., SWOT Analysis 69
3.5.1 Santos Ltd., SWOT Analysis, Overview 69
3.5.2 Santos Ltd., SWOT Analysis, Strengths 69
3.5.3 Santos Ltd., SWOT Analysis, Weaknesses 71
3.5.4 Santos Ltd., SWOT Analysis, Opportunities 72
3.5.5 Santos Ltd., SWOT Analysis, Threats 73
3.6 Santos Ltd., Revenue Analysis 73
3.6.1 Santos Ltd., Revenue by Segment 73
3.6.2 Santos Ltd., Revenue by Geography 74
3.7 Santos Ltd., Financial and Operational Review 75
3.7.1 Financial Statements 75
3.7.2 Financial Ratios 76

4 Profile of WoodSide Petroleum 77
4.1 Woodside Petroleum, Key Information 77
4.2 WoodSide Petroleum, Company Overview 77
4.3 Woodside Petroleum, Business Description 77
4.3.1 Woodside Petroleum, Business Description, Business Overview 77
4.3.2 Woodside Petroleum, Business Description, Australian Business Unit 78
4.3.3 Woodside Petroleum, Business Description, Middle East and Africa Business Unit 80
4.3.4 Woodside Petroleum, Business Description, North West Shelf Ventures 80
4.3.5 Woodside Petroleum, Business Description, United States Business Unit 82
4.3.6 WoodSide Petroleum, Business Description, Major Products and Services 83
4.4 WoodSide Petroleum, Value Chain Analysis 84
4.4.1 Woodside Petroleum, Value Chain Analysis, Upstream 84
4.4.2 Woodside Petroleum, Value Chain Analysis, Midstream 85
4.5 Woodside Petroleum, SWOT Analysis 86
4.5.1 Woodside Petroleum, SWOT Analysis, Overview 86
4.5.2 Woodside Petroleum, SWOT Analysis, Strengths 86
4.5.3 Woodside Petroleum, SWOT Analysis, Weaknesses 87
4.5.4 Woodside Petroleum, SWOT Analysis, Opportunities 87
4.5.5 Woodside Petroleum, SWOT Analysis, Threats 88
4.6 Woodside Petroleum, Revenue Analysis 88
4.6.1 Woodside Petroleum, Revenue by Segment 88
4.6.2 Woodside Petroleum, Revenue by Geography 89
4.7 Woodside Petroleum, Financial and Operational Review 90
4.7.1 Financial Statements 90
4.7.2 Woodside Petroleum, Financial Ratios 91

5 Profile of Exxon Mobil Corporation 92
5.1 Exxon Mobil Corporation, Key Information 92
5.2 Exxon Mobil Corporation, Company Overview 92
5.3 Exxon Mobil Corporation, Business Description 92
5.3.1 Exxon Mobil Corporation, Business Description, Overview 92
5.3.2 Exxon Mobil Corporation, Business Description, Chemical 92
5.3.3 Exxon Mobil Corporation, Business Description, Downstream 94
5.3.4 Exxon Mobil Corporation, Business Description, Upstream 96
5.4 Exxon Mobil Corporation, Value Chain Analysis 98
5.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 98
5.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 99
5.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 100
5.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 100
5.5 Exxon Mobil Corporation, SWOT Analysis 100
5.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 100
5.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 101
5.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 103
5.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 104
5.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 106
5.6 Exxon Mobil Corporation, Revenue Analysis 108
5.6.1 Exxon Mobil Corporation, Revenue by Segment 108
5.6.2 Exxon Mobil Corporation, Revenue by Geography 108
5.7 Exxon Mobil Corporation, Financial and Operational Review 110
5.7.1 Financial Statements 110
5.7.2 Financial Ratios 111

6 Financial Deals Landscape 112
6.1 Detailed Deal Summary 112
6.1.1 Rumored Deals 112
6.1.2 Merger 113
6.1.3 Acquisition 116
6.1.4 Equity Offerings 124
6.1.5 Debt Offerings 129
6.1.6 Partnerships 132
6.1.7 Asset Transactions 134

7 Recent Developments 146
7.1 License Awards 146
7.1.1 Feb 05, 2009: Nexus Receives PL AC/L9 For Crux Liquids Project In Browse Basin, Australia 146
7.1.2 Jan 19, 2009: Gallic Wins Exploration Rights For Block L05-8 In Canning Basin, Western Australia 146
7.1.3 Jan 09, 2009: Bandanna Receives Approval From Queensland Government For New Exploration Permits 147
7.1.4 Jan 05, 2009: Cooper Wins Onshore Otway Block C In Australia 147
7.2 Strategy and Business Expansion 147
7.2.1 Feb 20, 2009: Santos Opens Gladstone Office 147
7.2.2 Jan 02, 2009: MEO Announces Lapse Of Options Granted To RDI For Timor Sea Projects, Looks For New Partner 148
7.2.3 Dec 08, 2008: AGL Terminates Reindeer Platform Fabrication Contract With Apache 148
7.3 Recent Discoveries 149
7.3.1 Feb 24, 2009: Woodside Petroleum Announces Gas Discovery At Martell-1 Well In Permit WA-404-P On Carnarvon Basin, Australia 149
7.3.2 Feb 13, 2009: Red Fork Discovers Gas At Fuss 1-33 Well In Pawnee Prospect, Oklahoma 150
7.3.3 Feb 03, 2009: Beach Discovers Oil At Perlubie-1 Well In Cooper-Eromanga Basin, South Australia 150
7.3.4 Jan 28, 2009: Apache Makes Shallow-Water Oil Discovery In Block WA-209-P, Australia 150
7.3.5 Jan 23, 2009: Drillsearch Finds Oil At Jackson 58 Well In PL 23, Cooper Basin, Queensland 151
7.4 Drilling and Production Updates 151
7.4.1 Feb 25, 2009: Beach Petroleum Provides Drilling Update 151
7.4.2 Feb 19, 2009: Gastar Exploration Provides Reserves Update 152
7.4.3 Feb 19, 2009: Drillsearch Provides Operations Update 152
7.4.4 Feb 18, 2009: Pure Energy Provides Reserves Update 153
7.4.5 Feb 18, 2009: Beach Petroleum Provides Drilling Update 154
7.5 Financial Announcements 154
7.5.1 Feb 25, 2009: AGL Energy Reports H1 Fiscal 2009 Results 154
7.5.2 Feb 25, 2009: AGL Energy Declares Interim Dividend 157
7.5.3 Feb 24, 2009: Beach Petroleum Reports H1 Fiscal 2009 Results 157
7.5.4 Feb 24, 2009: Australian Worldwide Exploration Reports H2 2008 Results 160
7.5.5 Feb 23, 2009: InterOil Announces Q4 2008 Guidance On Earnings 163
7.6 Other Significant Developments 164
7.6.1 Feb 24, 2009: Chevron Confirms Field Appraisal Program In Australia 164
7.6.2 Feb 23, 2009: Nido Petroleum Appoints New Non-Executive Director 164
7.6.3 Feb 23, 2009: Essential Petroleum Resources Updates On Otway Basin Permit, VIC/P46 166
7.6.4 Feb 23, 2009: Drillsearch Energy Commences Drilling On Planet Downs-1 In ATP 539P At Cooper Basin, Australia 166

8 Appendix 168
8.1 Methodology 168
8.1.1 Coverage 168
8.1.2 Secondary Research 169
8.1.3 Primary Research 169
8.1.4 E&P Forecasts 170
8.1.5 Midstream Forecasts 171
8.1.6 Expert Panel Validation 171
8.2 Contact Us 172
8.3 About GlobalData 172
8.4 Disclaimer 172

1.1 List of Tables
Table 1: Australia, Oil and Gas Key Statistics, 2008 10
Table 2: Australia, Total Crude Oil Production (MMBBLs), 2001-2008 12
Table 3: Australia, Total Natural Gas Production(MMcf), 2001-2008 13
Table 4: Australia, Crude Oil Production(MMBBLs),by Assets,2001-2008 14
Table 5: Australia, Natural Gas Production(MMcf), by Assets,2001-2008 17
Table 6: Australia, Crude Oil Production(MMBBLs), by Company, 2001-2008 20
Table 7: Australia, Natural Gas Production(MMcf),by Company, 2001-2008 21
Table 8: Australia, Crude Oil Production(MMBBLs), Forecast by Assets, 2009-2014 23
Table 9: Australia, Natural Gas Production(MMcf), Forecast by Assets, 2009-2014 24
Table 10: Australia, Forecasted Crude Oil Assets-Wise Gross Revenue(000’$), 2009-2014 25
Table 11: Australia, Forecasted Natural Gas Assets-Wise Gross Revenue(000’$), 2009-2014 26
Table 12: Australia, Projected Crude Oil Assets-wise Government Take(000’$), 2009-2014 27
Table 13: Australia, Projected Natural Gas Assets-Wise Government Take(000’$), 2009-2014 28
Table 14: Australia, Projected Crude Oil Assets-wise Contractor Take(000’$), 2009-2014 29
Table 15: Australia, Projected Natural Gas Assets-Wise Contractor Take(000’$), 2009-2014 30
Table 16: Australia, Active Oil Field Assets Details 31
Table 17: Australia, Planned Oil Field Assets Details 32
Table 18: Australia, Active Gas Field Assets Details 32
Table 19: Australia, Planned Gas Field Assets Details 33
Table 20: Australia, Total Active Exploration Blocks, 2001-2008 34
Table 21: Australia, Exploration Active Blocks by Company, 2001-2008 34
Table 22: Australia, Oil and Gas Exploration Details 40
Table 23: Santos Ltd., Key Facts 64
Table 24: Santos Ltd., SWOT Analysis 69
Table 25: Santos Ltd., Revenue by Segment, Australian Dollar Million, 2003-2007 74
Table 26: Santos Ltd., Revenue by Geography, Australian Dollar Million, 2003-2007 74
Table 27: Santos Ltd., Financial Statements, Australian Dollar Million, 2003-2007 75
Table 28: Santos Ltd., Financial Ratios, Australian Dollar Million, 2003-2007 76
Table 29: Woodside Petroleum Limited, Key Facts 77
Table 30: Woodside Petroleum Limited, SWOT Analysis 86
Table 31: Woodside Petroleum Limited, Revenue by Segment, A$ Million, 2003-2007 89
Table 32: Woodside Petroleum Limited, Revenue by Geography, A$ Million, 2003-2007 90
Table 33: Woodside Petroleum Limited, Financial Statements, A$ Million, 2003-2007 90
Table 34: Woodside Petroleum Limited, Financial Ratios, A$ Million, 2003-2007 91
Table 35: Exxon Mobil Corporation, Key Facts 92
Table 36: Exxon Mobil Corporation, SWOT Analysis 101
Table 37: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 108
Table 38: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 109
Table 39: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 110
Table 40: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 111
Table 41: CNPC, BP, Eni, Chevron And Total To Bid For Santos 112
Table 42: Comet Ridge And Chartwell Energy Sign Merger Implementation Agreement 113
Table 43: ROC Oil Company Receives Court Approval To Merge With Anzon Energy 114
Table 44: 3D Oil Rejects Acquisition Proposal From Drillsearch Energy 116
Table 45: PTT Exploration and Production To Acquire Coogee Resources 117
Table 46: AGL Energy To Acquire Sydney Gas From AJ Lucas Group 118
Table 47: BG Group Increases Its Offer To Acquire Pure Energy Resources 120
Table 48: BG Group To Acquire Queensland Gas Company 122
Table 49: Po Valley Energy Completes Private Placement Of Shares For $6.45 Million 124
Table 50: Transerv Energy Announces Private Placement Of Shares $1.3 Million 125
Table 51: Hillgrove Resources Announces Private Placement Of $1.29 Million 126
Table 52: Golden State Resources To Raise $2.1 Million 127
Table 53: Red Sky Energy Announces Private Placement For $0.24 Million 128
Table 54: Woodside Petroleum Announces Private Placement Of 8.12% Bonds For $400 Million 129
Table 55: Woodside Petroleum Announces Private Placement Of 8.75% Bonds For $600 Million 130
Table 56: Kairiki Energy To Issue Convertible Notes For $10 Million 131
Table 57: Queensland Gas To Enter Into Partnership With WestSide Corporation 132
Table 58: Icon Energy To Form A Joint Venture With Stanwell Corporation 133
Table 59: Essar Oil Plans To Sell Its Stake In Three Oil Blocks In Vietnam And Australia 134
Table 60: AGL Energy Acquires Interest In PEL 103, PEL 103 Aspen And PEL 101 From Innamincka Petroleum 135
Table 61: Exoma Energy Acquires 100% Stake In Exploration Permit 419 From Advent Energy 136
Table 62: Norwest Energy Enters Into Equity Swap Agreement With Empire Oil & Gas 137
Table 63: Trident Energy To Acquire 10% Stake In Exploration Permit From Central Petroleum 138
Table 64: Blue Energy Plans To Farm-Out Its CSG Tenements 139
Table 65: Bengal Energy Enters Into Farm-In Agreement With Innamincka Petroleum And Vernon E. Faulconer Australia 140
Table 66: Odin Energy Enters Into Farm-In Agreement With Victoria Petroleum 141
Table 67: MEO Extends Farm-In Period For A Stake In WA-359-P And WA-360-P 142
Table 68: Inpex To Sell Stakes In Liquefied Natural Gas Projects 143
Table 69: DVM International Acquires 100% Interest In ATP-587-P Onshore Queensland 144
Table 70: AGL Energy To Acquire Gloucester Methane Project From AJ Lucas And Molopo 145

1.2 List of Figures
Figure 1: Australia, Exploration and Production Assets Map, 2008 11
Figure 2: Australia, Total Crude Oil Production(MMBBLs), 2001-2008 12
Figure 3: Australia, Total Natural Gas Production(MMcf), 2001-2008 13
Figure 4: Santos Ltd., Value Chain Analysis 67
Figure 5: Woodside Petroleum Limited, Value Chain Analysis 84
Figure 6: Exxon Mobil Corporation, Value Chain Analysis 98
Figure 7: GlobalData Methodology 168