Most projects are located in Northwest Australian waters with major companies either sole operators or JV partners in oil and gas production fields. Gas is prominent but oil supplies are also produced; however, the main driver for gas supply is export but the Australian government also wants to meet demand from local industrial markets (mining) and domestic markets.
The new Australian government signed the Kyoto, an agreement which states the cutting of CO2 emissions by 2012 so the country will have to switch to gas rather than burning fossil fuels (coal). This will drive the development of many of the gas fields off Western Australia. Australia persently only develops 4% of the potential gas resources available developed so the scope for expansion is high.
In the future one major project will consist of 50 or more subsea trees and complete subsea systems producing back to shore on a production facility. It is likely new technologies will be adopted in the future for new gas fields including subsea boosting, gas compression, light well intervention and through tubing rotary drilling.