Territory Stories

Budget 2013/14 Northern Territory Economy



Budget 2013/14 Northern Territory Economy

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Tabled paper 295


Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT




Tabled by David Tollner


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.




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Department of the Treasury and Finance

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Mining and Manufacturing 127 Northern Territory Economy A small number of the Territorys offshore oil and gas operators are located in the Joint Petroleum Development Area (JPDA) area between TimorLeste and Australia, approximately 500kilometres north of Darwin. Currently, BayuUndan and Kitan are the only two producing fields in the JPDA. As the JDPA is shared between Australia and TimorLeste, the Australian Bureau of Statistics (ABS) treats it as a separate economic area. Any economic activity that occurs in the JDPA is divided equally between Australia and TimorLeste. All of the Australian proportion is allocated to the Territory (Map 2). Energy Production In the Territory, the inflationadjusted value of energy production is estimated to increase from $3.6billion in 201112 to $4.2billion in 201213 (up by 17.8percent). Growth is expected to be driven by offshore oil production reflecting a full year of production at the Kitan oilfield and commencement of production at the Montara project. Also contributing to growth is the anticipated increase in uranium production from Energy Resources Australias (ERA) Ranger uranium mine (Chart 10.4). WESTERN AUSTRALIA NORTHERN TERRITORY Kilometres 0 40 80 120 160 TIMOR SEA DARWIN Discovered undeveloped oilfieldDiscovered undeveloped gas field Producing oilfieldProducing gas field Gas pipeline Proposed pipeline Ceased production oilfield LEGEND INDONESIA JOINT PETROLEUM DEVELOPMENT AREA Jahal Hingkip Bayu-Undan KrillBluff Buller Buffalo Oliver Audacious Jabiru Challis Talbot Prometheus Montara and Bilyara Crux Tahbilk Skua Swan Puffin Maple Tenacious Brontosaurus Brewster Cornea Kelp ChuditchLaminaria-Corallina Oecusse Evans Shoal Abadi Lynedoch Barossa Caldita Greater Sunrise Petrel Tern Blacktip Barnett Elang/Kakatua Kuda Tasi ASHMORE AND CARTIER ISLANDS ADJACENT AREA Dili Kupang W.A. N.T. TIMOR-LESTE INDIAN OCEAN Wadeye Argus Frigate Kitan Ichthys Map 2: Timor Sea Oil and Gas