Concurrent 3. Presentation for: The impact of new supply from the Perth Basin on the supply of natural gas in Western Australia

Abstract

Presented on Tuesday 17 May: Session 3 The Australian Energy Market Operator (AEMO) forecasts demand for natural gas (gas) in Western Australia will remain steady through the 2020s, but that the local production will drop below anticipated demand in the mid-2020s and again from 2030 onwards. If this situation eventuates, lack of gas production will impact the competitiveness of WA’s energy-consuming industries. This paper demonstrates that the Perth Basin has the potential to meet this supply–demand gap and augment existing sources of gas over the next 20+ years. A subsurface-led assessment of the Perth Basin’s Reserves, Contingent Resources and Prospective Resources incorporating all recent exploration well results shows that the unrisked resource potential of the Perth Basin is 7052 bcfe (7.475 PJ) with production potential up to 1100 TJ/day. The basis for these estimates will be illustrated with examples, alongside a discussion of the variables that affect the resource assessment, the impact of capacity constraints on the timing of development of Perth Basin gas, and the dynamics of the WA gas market. To access the presentation click the link on the right. To read the full paper click here