PESA Journal No 28 P69-86

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PESA_Journal_No._28_p69-86.pdf
File Size38.6 MB
Date27/12/2014
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AuthorW. F. Muir
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Article Title:

1999 Exploration review

PUBLICATION: PESA Journal No 28 P69-86

AUTHORS: W. F. Muir

REFERENCE TYPE: Journal Article


DATE: December, | FILESIZE: 38.6 MB
TAGS:

Document Abstract:

Over the years, many issues have confronted the industry,
and affected its approach to business. A brief analysis of
seismic and exploration drilling levels over the past four
decades demonstrates how marked these effects have
been. During 1999, fewer wells have been drilled onshore
in Australia than for any year since 1979. This is due in
large part to the refusal of some State Governments to
award newly gazetted acreage due to Native Title
concerns. The solution required is a legislative one.
Offshore drilling, however, is at a historically high level,
and during 1999 had a success rate of one in five.
Successes in both the onshore and offshore were
restricted to currently producing basins.


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