Australia's search for petroleum

Abstract

Australia's search for petroleum is one of a long, slow prelude of unrewarded exploration followed by three cycles of drilling activities and hydrocarbon discoveries. The first commercial oil find was Moonie No. 1 in Queensland in 1962, and a flood of discoveries followed through the 1960s, including giant oil and gas fields. Since the 1960s, many and diverse discoveries have been made, but no further giant oil fields have been found, although several giant gas fields with significant liquids content have been added to Australia's reserves. Show more