Oil production in a slump, gas production growing: EnergyQuest

AUSTRALIAN oil production in 2009 dropped to its lowest level in 40 years while natural gas production continued to grow, setting a new record, according to energy economics group EnergyQuest.

Oil production in a slump, gas production growing: EnergyQuest Oil production in a slump, gas production growing: EnergyQuest Oil production in a slump, gas production growing: EnergyQuest Oil production in a slump, gas production growing: EnergyQuest Oil production in a slump, gas production growing: EnergyQuest

In a report released by the group, oil production throughout Australia dropped 17% last year from 120.6 million barrels to 99.5MMbbl, the lowest level since 1970.

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