Petroleum Exploration in Australia - Market Research Report

Petroleum Exploration industry trends (2014-2019)

poll Average industry growth 2014–2019: -24.6%

Companies in the Petroleum Exploration industry provide 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 on a contract basis. The industry's high revenue volatility over the past five years has reflected the role of commodity prices determining exploration activities, which are inherently risky and capital-intensive. Rising commodity prices assist industry players, increasing the potential benefit that exploration companies can generate by identifying unproven resources. However, funding shortages or diversified players shifting their attention to othe...
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Petroleum Exploration industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Petroleum Exploration industry is anticipated to return to growth over the next five years. The world prices of crude oil and natural gas are projected to increase, encouraging firms to explore for new oil and gas reserves. However, uncertainty regarding onshore drilling bans and domestic gas reservation policies may constrain demand for exploration services. Industry revenue is forecast to increase at an annualised X.X% over the five years through XXX-XX, to $X.X billion. Domestic demand The primary driver behind new industry growth is anticipated to be the high prices for natural gas in the domestic market. The development of LNG export facilities in Queensland has opened up the domestic gas market to international competition over the past f...
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Petroleum Exploration industry statistics

  • attach_money Market Size: $1bn
  • business Number of Businesses: 582
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 3,453

Biggest companies in the Petroleum Exploration industry

The Petroleum Exploration in Australia industry has no companies with major market shares. Get the full report to find out why.

What is Petroleum Exploration industry?

Industry Definition

Industry companies conduct exploration for crude petroleum and natural gas.

Industry Products and Services

  • Offshore oil and gas drilling
  • Other offshore exploration services
  • Onshore oil and gas drilling
  • Other onshore exploration services
  • All Others

Industry Activities

  • Offshore oil and gas drilling
  • Other offshore exploration services
  • Onshore oil and gas drilling
  • Other onshore exploration services

Market research report - table of contents

Industry Definition

Industry companies conduct exploration for crude petroleum and natural gas.

Main Activities

  • Offshore oil and gas drilling
  • Other offshore exploration services
  • Onshore oil and gas drilling
  • Other onshore exploration services

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Firms in the Oil and Gas Extraction industry produce crude oil, natural gas and condensate. These firms may also treat these products on-site to produce l...
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Demand from oil and gas extraction
US dollars per Australian dollar
World price of crude oil
World price of natural gas

Current Performance

International energy markets
Recovery
 Chart: Revenue Growth

Industry Outlook

Domestic policy
Industry participation
 Table: Petroleum Exploration in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Petroleum Exploration in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Oil and Gas Extraction in Australia






Key Selling Industries

Mining Support Services in Australia
Custody, Trustee and Stock Exchange Services in Australia
Machinery and Scaffolding Rental in Australia
Surveying and Mapping Services in Australia
Engineering Consulting in Australia
Water Freight Transport in Australia
Transport Equipment and Large Vehicle Rental in Australia

Products & Services

The Australian petroleum exploration industry primarily directs spending on offshore oil and gas deposits, with the remaining exploration focused on onsho...
Domestic-focused oil companies
Export-focused gas companies
Domestic-focused gas companies



Demand Determinants

Several key factors influence spending on oil and gas exploration. The most important factor is the world price of crude oil, which also has a flow on eff...
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Major Markets

Domestic-focused oil companies
Export-focused gas companies
Domestic-focused gas companies




 Chart: Major Market Segmentation for the Petroleum Exploration in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Petroleum Exploration industry displays a low market share concentration. In 2019-20, the industry's four largest players are estimated to account for...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Petroleum Exploration in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Petroleum Exploration in Australia - Market Research Report Industry

Industry Globalization

The Petroleum Exploration in Australia industry has no major companies. Get the full report to find out why.

Capital Intensity

The Petroleum Exploration industry is moderately capital intensive, as industry players use sophisticated equipment and machinery to conduct exploration a...
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 Chart: Level of Capital Intensity for the Petroleum Exploration in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Petroleum Exploration in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

BROWNFIELD EXPLORATION

EXPLORATION ACREAGE

GREENFIELD PROJECTS

PROBABLE RESERVE

PROSPECTIVITY

PROVEN RESOURCES

UNCONVENTIONAL RESOURCES

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Petroleum Exploration industry?

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  • Inform your decisions for marketing, strategy and planning
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This report on Petroleum Exploration in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Petroleum Exploration in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Petroleum Exploration in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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