Petroleum Exploration in Australia - IBISWorld Industry Market Research

Petroleum Exploration in Australia

Petroleum Exploration in Australia - IBISWorld Industry Market Research
Petroleum Exploration in Australia
Published Oct 19, 2012
30 pages — Published Oct 19, 2012
Price US$ 970.00  |  Buy this Report Now

About This Report


The Petroleum Exploration industry plays a key role in forming the future of oil and gas production. Its activities uncover the oil and gas reserves that underpin developments in the Oil and Gas Production industry. Spending on petroleum exploration is expected to grow by about 8.1% in 2012-13 to reach $3.56 billion. However, spending is expected to be below the $3.61 billion recorded in 2007-08, a year in which oil prices surged. Overall, exploration spending is estimated to have eased by 0.3% per year over the five years through 2012-13. Oil and gas prices were extremely volatile during that period.

Firms in this industry explore for crude petroleum and natural gas. Typically, these firms are oil and gas producers seeking to expand their reserves. The industry does not include firms undertaking exploration on a fee or contract basis for other companies or firms providing exploration services.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Petroleum Exploration in Australia" Oct 19, 2012. Alacra Store. Jun 17, 2018. <>
IBISWorld Industry Market Research. (2012). Petroleum Exploration in Australia Oct 19, 2012. New York, NY: Alacra Store. Retrieved Jun 17, 2018 from <>
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