Australia is set to hit an annual run rate of one billion barrels of oil equivalent at some point in 2019.
LNG production is now nearly three-times domestic gas production.
AUSTRALIAN petroleum production set a new record in the year to June 2018, increasing by 13.2% year-on-year or 101.3 to 870.4 MMboe, with the nation adding the equivalent to three Cooper Basins or two Pluto LNGs in the space of just 12 months.