Case studies, Northern Territory, Australia

Oil and Gas

The Northern Territory is strategically located to capitalise on significant reserves of oil and gas. In addition to the abundant gas fields offshore, it is estimated that are more than 200 trillion cubic feet of gas contained in six onshore basins – enough gas to power Australia for the next 200 years.

The US$37 billion INPEX Ichthys LNG project is in the final stages of construction.Production is anticipated to commence in 2018 and continue for 40 years. At its peak, the project is expected to produce 8.9 million tonnes of Liquefied National Gas (LNG) per year. In addition, 100,000 barrels of condensate (a premium by-product of gas that is added to some fuels to improve their quality), will be produced per day, making it one of the largest oil and gas projects in the world.

Darwin is also home to a ConocoPhillips-operated LNG plant, the only LNG plant using aero-derivative gas turbines as refrigerant drivers. It is the southern hemisphere’s first helium production plant and produces enough helium to supply the entire Australian market.

Currently underway is the construction of an AUD $800 million Jemena Northern Gas Pipeline which will connect NT gas fields with the gas markets in Eastern Australia.

Oil and Gas Fact Sheet

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Contact the team, Northern Territory, Australia

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The NT Business Events has team members located across Darwin, Alice Springs, Sydney and Melbourne, as well as in a variety of international hubs