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In 2006, Australia produced approximately 562,000 bbl/d (89,400 m 3 /d) of oil. [14] Western Australia is Australia's leading oil (and condensate) producing State, having surpassed Victoria, where production from the Gippsland Basin off the southern coast has been steadily declining.
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94% of known oil is concentrated in fewer than 1,500 giant and major fields. [2]
Map of oil and gas fields. This list of oil and gas fields of the North Sea contains links to oil and natural gas reservoirs beneath the North Sea.In terms of the oil industry, "North Sea oil" often refers to a larger geographical set, including areas such as the Norwegian Sea and the UK "Atlantic Margin" (west of Shetland) which are not, strictly speaking, part of the North Sea.
Pages in category "Oil fields of Australia" ... Barrow Island (Western Australia) C. Cooper Basin; H. Halibut Oil Field; J. Jackson oil field; M. Mereenie, Northern ...
Australia's first oil rig was erected there in 1866. [ 3 ] Between the 1920s and 1950s, the Shell Company of Australia and Vacuum Oil Company Australia Pty Ltd were selling petrol through single-brand service stations while Golden Fleece , Independent Oil Industry and Commonwealth Oil Refineries Ltd operated through multiple-brand stations. [ 4 ]
Azeri-Chirag-Guneshli, comprises five producing offshore facilities with estimated reserves of 5,5 billion barrels of oil. Shahdeniz , estimated reserves around 35 tcf, or 1 billion m3 of gas. Egypt
The North West Shelf Venture, situated in the north-west of Western Australia, is Australia's largest resource development project. It involves the extraction of petroleum (mostly natural gas and condensate ) at offshore production platforms , onshore processing and export of liquefied natural gas , and production of natural gas for industrial ...
Oil was discovered on the island in commercial quantities in 1964 by West Australian Petroleum Pty Ltd , and the first oil field was established shortly after. [18] In 1995, there were 430 wells producing oil and natural gas across most of the southern half of the island. [19] The site has been Australia's leading producer of oil.