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This report has been prepared by the staff of the Petroleum Branch of the Resource Assessment Division of Bureau of Mineral Resourses. The functions of the Petroleum Branch include the monitoring of petroleum exploration and development activity, the preparation of estimates of petroleum reserves and resources and their availability through time, and the provision of technical advicein relation to Commonwealth legislation and policies concerning petroleum exploration, development and production. The report provides a preliminary summary of petroleum exploration and development activity in Australia during 1988. It also summarises BMR's assessment of Australia's identified petroleum resources (reserves) and undiscovered petroleum resource potential. In addition to a summary of activity in 1988 in each of the major onshore and offshore sedimentary basins, the report includes a summary of the number of wells and metres drilled to the end of 1988, a table of discoveries of petroleum in 1988, and a list of the major events in the history of the Australian petroleum industry.

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Legacy product - no abstract available