MARKETS

Perth Basin will beat Cooper production by 2024: Rystad

THE Perth Basin could be outproducing the historic Cooper Basin by 2024 and from only a few fields, according to consultancy Rystad Energy, which suggests 400 million cubic feet per day by 2024 from the Waitsia and West Erregulla fields. 

Waitsia field, one of the Perth Basin game changers

Waitsia field, one of the Perth Basin game changers

However spot prices may remain low at A$3 per gigajoule though the spot market - entirely uncoupled from the LNG export market and netback price on the east coast - is a fraction of the state's gas market,...

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