Oceania Oil and Gas Upstream Development Trends and Forecast by Countries, Terrain, Facility Type and Companies, 2023-2027

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Oceania Oil and Gas Upstream Development Trends and Forecast Overview

In Oceania, the crude, condensate, and natural gas production from active and planned fields is 3,070 thousand barrels of oil equivalent per day (mboed) in 2023. The outlook of this region is very stable. Despite the overall crude oil and condensate production forecast to decline over the forecast period. It will be compensated by the series of announced fields in Australia and Papua New Guinea, the two key producers in the region. Also, there are opportunities for future discoveries. The gentle growth in natural gas production is encouraging as the region countries to be a major player in the LNG market.

The Oceania oil and gas upstream development trends and forecast research report aids in keeping abreast of key upcoming production projects and facilitating decision-making based on strong oil and gas production data. The report also will enable the development of business strategies with the help of specific insights into the Oceania upstream sector.

Crude, Condensate, and Natural Gas Production (2023) 3,070 mboed
Key Countries Australia, Papua New Guinea, Timor Sea Joint Petroleum Development Area
Key Field Terrains Onshore, Shallow Water, and Deepwater
Key Facility Type Subsea System Platform, Mobile Offshore Production Unit (MOPU), Fixed and Floating Production Unit (FPU), Floating Production Storage and Offloading (FPSO), Wellhead, and Fixed Platforms
Key Companies (Expenditure Outlook) Santos Ltd., TotalEnergies SE, Exxon Mobil Corp, Kumul Petroleum Holdings Ltd., Shell plc, Galilee Energy Ltd., Twinza Oil Ltd., Beach Energy Ltd., Strike Energy Ltd., and Warrego Energy UK Ltd
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Oceania Oil and Gas New Project Expenditure Outlook by Countries

The key countries in Oceania’s oil and gas production include Australia, Papua New Guinea, Timor Sea Joint Petroleum Development Area. Australia is likely to dominate the market in terms of recoverable reserves. The high volumes of reserves in Australia are due to planned and announced projects such as Scarborough, Equus, and Crux. Furthermore, Australia is likely to account for more than 70% of the total capex to be spent on planned and announced projects during the projected period.

Oceania Oil and Gas New Project Expenditure Analysis by Country, 2023-2027 (%)

Oceania Oil and Gas New Project Expenditure Analysis by Country, 2023-2027 (%)

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Oceania Oil and Gas New Project Expenditure Outlook by Terrains

The key terrains in the Oceania oil and gas upstream production are onshore, shallow water, and deepwater. The deepwater terrains accounted for the highest capex allocated for the development of the planned and announced projects expected to start operations during 2023-2027.

Capex Outlook of Oceania Oil and Gas Production by Terrains, 2023-2037 (%)

Capex Outlook of Oceania Oil and Gas Production by Terrains, 2023-2037 (%)

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Oceania Oil and Gas New Project Expenditure Outlook by Facility Type

The key facility-type in the Oceania oil and gas production are subsea system platform, mobile offshore production unit (MOPU), fixed and floating production unit (FPU), floating production storage and offloading (FPSO), wellhead, and fixed platforms. Of the total proposed capex, the majority of the planned and announced projects starting operations during 2023–2027 are likely to use the FPSO platform, followed by the subsea system facilities.

Oceania Oil and Gas Upstream Production Analysis by Facility Type, 2023-2027 (%)

Oceania Oil and Gas Upstream Production Analysis by Facility Type, 2023-2027 (%)

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Oceania Oil and Gas New Project Expenditure– Competitive Landscape

The key companies in the Oceania oil and gas upstream production include Santos Ltd, TotalEnergies SE, Exxon Mobil Corp, Kumul Petroleum Holdings Ltd, Shell plc, Galilee Energy Ltd, Twinza Oil Ltd, Beach Energy Ltd, Strike Energy Ltd, and Warrego Energy UK Ltd. Santos Ltd is expected to be the top spender on its upcoming projects, followed by TotalEnergies SE and Exxon Mobil Corp.

Oceania Oil and Gas Upstream New Project Expenditure Analysis by Companies, 2023-2027 (%)

Oceania Oil and Gas Upstream New Project Expenditure Analysis by Companies, 2023-2027 (%)

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Key Segments Covered in this Report.

Oceania Oil and Gas Upstream Development Trends and Forecast Outlook by Countries (%, 2023-2027)

  • Australia
  • Papua New Guinea
  • Timor Sea Joint Petroleum Development Area

Oceania Oil and Gas Upstream Development Trends and Forecast Outlook by Terrains (%, 2023-2027)

  • Onshore
  • Shallow Water
  • Deepwater

Oceania Oil and Gas Upstream Development Trends and Forecast Outlook by Facility Type (%, 2023-2027)

  • Subsea System Platform
  • Mobile Offshore Production Unit (MOPU)
  • Fixed and Floating Production Unit (FPU)
  • Floating Production Storage and Offloading (FPSO)
  • Wellhead
  • Fixed Platforms

Scope

  • Oceania oil and gas production outlook by key countries, and key companies for the period 2023-2027
  • Oceania new projects capital expenditure outlook by key countries, key companies, field terrain, and facility type for 2023-2027
  • Major projects count by key countries, field terrain, and facility type
  • Details of key upcoming crude and natural gas projects in the region

Reasons to Buy

  • Understand Oceania’s oil and gas production outlook during the period 2023-2027
  • Keep abreast of key upcoming production projects in Oceania during the outlook period.
  • Facilitate decision-making on the basis of strong oil and gas production data.
  • Develop business strategies with the help of specific insights on the Oceania upstream sector.
  • Assess your competitor’s planned oil and gas production projects in the region.

Table of Contents

  • 1 Overview
  • 2 Oceania Development Trends

    • 2.1 Production outlook
    • 2.2 Capex Outlook
    • 2.3 Development Outlook
    • 2.4 Major Project Count by Country
    • 2.5 Major Project Count by Terrain
    • 2.6 Major Project Count by Facility Type
    • 2.7 Latest Project Updates, 2023

  • 3 Oil Development Focus

    • 3.1 Crude & Condensate Production Outlook by Country
    • 3.2 Crude & Condensate Production Outlook by Company
    • 3.3 Upcoming Oil Projects

  • 4 Gas Development Focus

    • 4.1 Natural Gas Production Outlook by Country
    • 4.2 Natural Gas Production Outlook by Company
    • 4.3 Upcoming Gas Projects

  • 5 Expenditure Outlook

    • 5.1 New Project Expenditure Outlook by Country
    • 5.2 New Project Expenditure Outlook by Company
    • 5.3 New Project Expenditure Outlook by Field Terrain
    • 5.4 New Project Expenditure Outlook by Facility Type

  • 6 Appendix

    • 6.1 Abbreviations
    • 6.2 Methodology

Table

Table 1: Production outlook from producing, planned, and announced projects (mboed), 2023–2027* 6

Table 2: Capex outlook from producing, planned and announced projects ($M), 2023–2027 7

Table 3: Recoverable reserves (mmboe) from planned and announced projects by key country, field terrain, and project count, 2023-2027 8

Table 4: Major planned and announced project starts by key countries, 2023–2027* 9

Table 5: Planned and announced projects of country by terrain, 2023–2027* 10

Table 6: Major planned and announced projects by facility type, 2023–2027* 11

Table 7: Latest project updates, 2023 12

Table 8: Crude and condensate production outlook by country (bd), 2023-2027 13

Table 9: Crude and condensate production outlook from planned and announced projects by country (bd), 2023-2027 14

Table 10: Crude and condensate production outlook by key companies (bd), 2023-2027 15

Table 11: Crude and condensate production outlook from planned and announced projects by key companies (bd), 2023-2027 17

Table 12: Key upcoming oil projects, 2023–2027 18

Table 13: Natural gas production outlook by key countries (mmcfd), 2023-2027 19

Table 14: Natural gas production outlook from planned and announced projects by country (mmcfd), 2023-2027 20

Table 15: Natural gas production outlook by key companies (mmcfd), 2023-2027 21

Table 16: Natural gas production outlook from planned and announced projects by key companies (mmcfd), 2023-2027 23

Table 17: Key upcoming gas projects, 2023–2027 24

Table 18: Capex outlook for major planned and announced projects by key countries ($M), 2023–2027* 26

Table 19: Capex outlook for major planned and announced projects by key companies ($M), 2023–2027* 27

Table 20: Capex outlook for major planned and announced projects by key companies ($M), 2023–2027* 28

Table 21: Capex outlook for major planned and announced projects by key countries ($M), 2023–2027* 29

Figures

Figure 1: Production outlook from producing, planned, and announced projects (mboed), 2023–2027* 6

Figure 2: Capex outlook from producing, planned, and announced projects ($M), 2023–2027 7

Figure 3: Recoverable reserves (mmboe) from planned and announced projects by key country, field terrain, and project count, 2023-2027 8

Figure 4: Major planned and announced project starts by key countries, 2023–2027 9

Figure 5: Planned and announced projects of country by terrain, 2023–2027* 10

Figure 6: Planned and announced projects by facility type, 2023–2027* 11

Figure 7: Crude and condensate production outlook by country (bd), 2023–2027 13

Figure 8: Crude and condensate production outlook from planned and announced projects by country (bd), 2023–2027 14

Figure 9: Crude and condensate production outlook from planned and announced projects by country (bd), 2023–2027 14

Figure 10: Crude and condensate production outlook by key companies (bd), 2023–2027 15

Figure 11: Crude and condensate production outlook from planned and announced projects by key companies (bd), 2023–2027 16

Figure 12: Crude and condensate production outlook from planned and announced projects by key companies (bd), 2023–2027 17

Figure 13: Natural gas production outlook by key countries (mmcfd), 2023-2027 19

Figure 14: Natural gas production outlook from planned and announced projects by key country (mmcfd), 2023-2027 20

Figure 15: Natural gas production outlook from planned and announced projects by country (mbd), 2023–2027 20

Figure 16: Natural gas production outlook by key companies (mmcfd), 2023-2027 21

Figure 17: Natural gas production outlook from planned and announced projects by key companies (mmcfd), 2023-2027 22

Figure 18: Natural gas production outlook from planned and announced projects by key companies (mmcfd), 2023-2027 23

Figure 19: Capex outlook for major planned and announced projects by key countries ($M), 2023–2027 26

Figure 20: Capex outlook for major planned and announced projects by key companies ($M), 2023–2027 27

Figure 21: Capex outlook for major planned and announced projects by field terrain ($M), 2023–2027 28

Figure 22: Capex outlook for major planned and announced projects by facility type ($M), 2023–2027 29

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