Australia smashes petroleum production records

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.

Australia smashes petroleum production records Australia smashes petroleum production records Australia smashes petroleum production records Australia smashes petroleum production records Australia smashes petroleum production records
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.