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 Mar 05, 2015
28 pages — Published Mar 05, 2015
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About This Report


The Petroleum Exploration industry provides onshore and offshore drilling and exploration services. The downstream Oil and Gas Extraction industry uses these services to establish a portfolio of future projects. Exploration-only companies identify reserves that are attractive to larger players. With considerable year-on-year volatility, industry revenue is forecast to decline at a compound annual rate of 8.0% over the five years through 2014-15, to $2.53 billion. The volatility in industry revenue reflects the role that commodity prices and sentiment have in funding for exploration, which is inherently risky and capital-intensive.

Firms in this industry explore for crude petroleum and natural gas.

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" Mar 05, 2015. Alacra Store. Apr 25, 2018. <>
IBISWorld Industry Market Research. (2015). Petroleum Exploration in Australia Mar 05, 2015. New York, NY: Alacra Store. Retrieved Apr 25, 2018 from <>
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