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Increased petroleum activity



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N E W S • F- E L. E . A S E

DPIE 93/19GR

11 February 1993

INCREASED PETROLEUM ACTIVITY

The Federal Minister for Resources, Alan Griffiths, said today that new figures from the Bureau of Resource Sciences show that the level of Australian offshore petroleum, drilling activity is increasing and is expected to increase further in 1993.

'During last year 39 offshore exploration wells were drilled, three more than , in 1991. The most significant feature for increased offshore drilling in . 1993 is the record number of 341 817 line kilometres of seismic survey recorded which bodes well for the prospect of a future increase in the level of offshore exploration drilling,' Mr Griffiths

said.

Offshore drilling was undertaken in the Bonaparte Basin (10 wells) of the Timor Sea, the Carnarvon Basin (20 wells) off Western Australia, the Gippsland Basin (7 wells) off Victoria and the Bass Basin (2 wells) off Tasmania.

'A particularly large 3-dimensional seismic survey earned out in the Carnarvon Basin recorded over 136 000 line kilometres of seismic survey and is the largest 'seismic survey ever carried out in Australia. It is thought to be the largest single survey of data acquired in the world.

'Seismic survey data collection normally precedes drilling activity. The. Bureau predicted last year that there would be an increase in offshore drilling activity resulting from the continuing high levels of seismic survey activity,' he said.

The Bureau's Petroleum Resource Branch monitors petroleum industry activity throughout Australia and provides analyses and resource assessments covering the petroleum industry.

Further information:

Kristen Barry Ministers Office (06) 2777480 Dr P E Williamson BRS (06) 2499362 CO MONW

Mr E Petrie BRS (06) 2499217 PARLIA,M1ENTARY LIBRARY

Parliament House Phone: (06) 277 7480

Canberra ACT 2600 Fax: (06) 273 4154