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One of the worlds largest natural gas exporters has found a new resource to boost up its
profile. While the conventional natural gas reserves seem to be never ending in Australia, it
has started tapping its unconventional resources. Australia is sitting on nearly 6% of the
worlds shale gas reserves, i.e. 437 Trillion Cubic Feet. These are in addition to its already
proven natural gas and oil reserves that make it one of the few distinguished energy rich
nations. These shale gas reserves, though found a little late, have the proper Total Organic
Content and the perfect environment of the depth of gas burial and requisite amount of
temperature for its maturation.
Australia has a geological edge over other nations with shale gas reserves, the presence of
source rocks which is evident by its huge conventional natural gas reserves. Australia has
large natural gas reserves and even though it has been exploiting them for decades, they have
not disappointed the world. Source rocks are rocks where the oil and gas mature or are
cooked. The organic matter is buried in between the sediments deposited over hundreds of
thousands of years on which temperature and pressure have acted to change that organic
matter into kerogen, an intermediate product in the process of oil and gas formation. These
kerogen deposits, with more time and action, are converted into liquid and gaseous state we
call oil and gas, which is called cooking. When oil and gas is found in shale rocks, it is called
shale oil or gas.
The exploration of shale gas has just started in Australia and the future, according to the
estimated reserves, looks bright. 437 Trillion Cubic Feet of recoverable reserves will not be
developed in a jiffy and will take a long time before any commercial production can start.
The Australian government is looking to develop these reserves rapidly and has already
started giving away the blocks. A lot of domestic companies have bought licenses from the
government to develop shale gas blocks and many more are joining the bandwagon. The
foreign companies, with their technological expertise, are also developing these blocks in
partnership with the domestic firms. There are many challenges to be faced along the road
but none that cant be overcome.
The infant state of Australian shale gas has unbound opportunities for the future. The huge
reserves that have been found, though less comparatively, will open a plethora of
opportunities for Australia. The country already has a big market for its natural gas exports
which is only going to be become wider.
The domestic investment to develop these reserves will help Australia become energy secure.
The foreign investment will help make the Australian economy even stronger.
Table of Contents
8. PEST Analysis
9.3 Measurement While Drilling (MWD) Tools and Logging While Drilling (LWD) Tools
List of Figures
Figure 2-1: Global Technically Recoverable Shale Gas Reserves by Region (Trillion Cubic Feet)
Figure 2-2: Australia Share in Global Technically Recoverable Shale Gas Reserves (%)
Figure 2-3: Australia Among Top 10 Countries With Technically Recoverable Shale Gas
Reserves (Trillion Cubic Feet)
Figure 2-4: Australia Gas in Place & Technically Recoverable Shale Gas (Trillion Cubic Feet)
Figure 2-5: Australia Shale Gas Reserves by Basin (Trillion Cubic Feet)
Figure 2-7: Share of Cooper Basin in Australia Shale Gas Reserves (%)
Figure 2-9: Share of Perth Basin Australia Shale Gas Reserves (%)
Figure 2-10: Share of Canning Basin in Australia Shale Gas Reserves (%)
Figure 2-11: Share of Otway Basin Australia Shale Gas Reserves (%)
Table 2-2: Georgina Shale Gas Basin Resources (Billion Cubic Feet)
Table 2-3: Beetaloo Shale Gas Basin Resources (Billion Cubic Feet)
Table 2-4: Cooper Shale Gas Basin Reservoir Resources (Billion Cubic Feet)
Table 2-5: Perth Shale Gas Basin Reservoir Resources (Billion Cubic Feet)
Table 2-6: Canning Shale Gas Basin Reservoir Resources (Billion Cubic Feet)