The Australian Petroleum Production and Exploration Association Conference (APPEA) took place this week in Brisbane, Australia. Many were surprised to see the coalition retain power in the recent federal election, keeping Scott Morrison the Prime Minister. Jessica Morales spoke to Bernadette Cullinane, the oil, gas and chemicals leader for Deloitte Australia as well as the global LNG leader for Deloitte.
Australia recently became the leader in LNG exports. We asked what investors and energy watchers in North America need to understand about industry opportunities in Australia. Cullinane said there are three areas to point out. LNG and infrastructure investment, the Northern Territory and hydrogen.
Leasing hot spots, improved drilling metrics and more reveal some silver lining in the cloud hanging over Midcontinent producers.
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.
Recovering more for less is the ultimate goal for operators and service companies.