2021 Development and production review
Martin Wilkes A *A RISC Advisory, 1138 Hay Street, West Perth, WA, Australia.
The APPEA Journal 62 S537-S543 https://doi.org/10.1071/AJ21223
Accepted: 1 April 2022 Published: 13 May 2022
© 2022 The Author(s) (or their employer(s)). Published by CSIRO Publishing on behalf of APPEA.
Abstract
The Petroleum Exploration Society of Australia (PESA) Year in Review Development and Production review looks back at the oil and gas production and development activities in Australia in 2021, with a look at both the historical context of these activities, and the future implications. With the impact of COVID-19 continuing throughout the year, and increased awareness of the impact of emissions on climate change there were several notable highlights and events for the year. Liquefied natural gas (LNG) production hit record high levels and confirmed Australia as the current top LNG exporting country in the world. Two major LNG-related projects were sanctioned: Barossa in March 2021, and Scarborough/Pluto 2 in November 2021 and the Moomba Carbon Capture and Storage project was also sanctioned in November. The domestic market looked a lot like the classic novel ‘A Tale of Two Cities’ with major concerns about gas supply in the East contrasting with significant discoveries and development in the Perth Basin in the West.
Keywords: CCS, development, FID, gas, LNG, oil, production, shut down, start-up.
Martin Wilkes is the Managing Director of RISC, an independent International Energy Advisory Company headquartered in Perth, Western Australia. Martin is a Chartered Engineer and a Chartered Environmentalist. He is a Fellow of the Institution of Chemical Engineers and a member of the Association of International Energy Negotiators (AIEN). He has a Master of Engineering Degree from the University of Newcastle upon Tyne in the UK. Martin has worked in the energy industry for over 30 years, holding a range of international positions including project development, business leadership and planning, corporate governance, and technical training. Since joining RISC in 2010 he has provided advice to clients on hundreds of projects, including over 30% of the world’s LNG projects, and several multi-billion-dollar transactions. |
