The outlook for Australia’s emerging unconventional plays
Andrew McManusWood Mackenzie
The APPEA Journal 52(2) 646-646 https://doi.org/10.1071/AJ11060
Published: 2012
Abstract
Australia’s world-class CSG resource has seen the country emerge as a global unconventional gas player. Three LNG plants are being constructed, with more than US$50 billion committed to be spent in the sector before 2020. Australia’s unconventional gas story does not stop there. Operators now have shale and tight gas potential, where exploration is now underway in a number of basins across the country.
As with CSG, the initial steps are being taken by the industries’ smaller companies; however, established players like Mitsubishi, Hess, BG and ConocoPhillips have been quick to buy into the opportunity—and at a fraction of the cost of the proven CSG plays. So can shale or tight gas emerge as Australia next major play? This presentation summarises activity levels and discusses which basins present the greatest potential. It also considers the challenges that lie in wait to commercialise new discoveries and the case studies of the US shale and Australian CSG plays to identify key success factors.
This short abstract contains only presentation slides.
Andrew McManus has more than 15 years experience that covers the full value chain of the energy industry. He currently undertakes consulting projects in the Australasia region. Prior to joining Wood Mackenzie, Andrew was Gas Portfolio Manager for TRUenergy (formerly TXU Australia). Andrew was responsible for developing and implementing the gas supply strategy, negotiating gas supply contracts and managing operational requirements of gas supply for industrial and retail markets, as well as gas-fired generation. Andrew gained ten years of experience working as a Geophysicist with BP, evaluating resources in Australia, Papua New Guinea, Algeria and the UK. He has an intimate understanding of the Australian petroleum industry and has worked on projects associated with the Northwest Shelf Project, deepwater exploration and petroleum resource assessments. Andrew holds an MSc in Petroleum Geology and Geophysics from the National Centre of Petroleum Geology and Geophysics (University of Adelaide), a BSc (Hons) from the University of Sydney and a Grad. Dip. of Applied Finance and Investment (ASIA). |
