Territory Stories

Annual Report 2003/2004 Department of Business Industry and Resource Development

Details:

Title

Annual Report 2003/2004 Department of Business Industry and Resource Development

Other title

Tabled paper 1496

Collection

Tabled Papers for 9th Assembly 2001 - 2005; Tabled papers for 9th Assembly 2001 - 2005; Tabled papers; ParliamentNT

Date

2004-10-13

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/284199

Citation address

https://hdl.handle.net/10070/409060

Page content

Resource Management Facilitates and manages the orderly administration, assessment and development of petroleum resources. Key Achievements Arranged for release of seven areas in the NT adjacent area and three areas in the Territory of Ashmore and Cartier Islands adjacent area (jointly referred to as Northern Territory administered waters) for hyrocarbon exploration under the work program bidding system in the 2004 APPEA Conference in Canberra. Bids for these areas will close in March 2005. Promoted two onshore areas in the Amadeus and Wiso Basins as suggested exploration areas for hydrocarbons. Table 7: Oil and Gas Production for the NT in 2003-04. 2002-03 Mm3* 2003-04 Mm3* Change % Producing Fields Offshore Oil 4.265 2.496 -41% Laminaria/Corallina, Jabiru & Challis/Cassini Onshore Oil 0.066 0.060 -9.1% Mereenie Onshore Gas 504 495 -1.8% Mereenie & Palm Valley * Million cubic metres. Note: Based on best estimates because the June figures have not yet been received. Mereenie Oil production has fallen. This is expected due to the natural decline of the reservoirs pressure. Prepared the Final Joint Technical Report over Tenacious oil discovery and presented to the Commonwealth, leading to awarding of two retention leases AC/RL4and AC/RL5 on 1 April 2004 Prepared the final Joint Technical Paper of Montara and presented to the Commonwealth on September 2003. The resulted in the Commonwealth accepting the Final Field Development Plan of Montara, the nearest future oil development in the NT. Commenced assessment of BHPs application for retention lease over the Argus gas discovery in the Ashmore and Cartier Islands adjacent area. Commenced assessment of Mogal Marine application for retention lease over Crux, another gas discovery in the Ashmore and Cartier Islands adjacent area. Table 8: Petroleum Title Applications Received and Granted Northern Territory Administered Waters (Offshore) Fifteen permit and lease applications were received for NT Administered Waters during the five year period from 1 July 1999 to 30 June 2004. Seventeen petroleum permits and leases were granted during the period. Three of the permits granted during the period were for applications received prior to 1 July 1999. One lease application made during the period is currently being processed. Twenty-eight title applications were received between 1 July 1999 and 30 June 2004. Six permits and pipeline licences were granted during the period. The two pipeline licences granted were related to the Bayu-Undan pipeline. Twenty-two applications have been withdrawn or are currently being processed._________________________________________________________ Department of Business, Industry & R e s o j rce Development


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