NAME OF COLLECTION
Petroleum Exploration and Production Industry - Financial Survey
Contact
Director
Commercial
Australian Petroleum Production and Exploration Association (APPEA) Limited
GPO Box 2201
CANBERRA ACT 2601
Telephone: Canberra 02 6247 0960
Facsimile: Canberra 02 6247 0548
Email: nmullen@appea.com.au
Web site: <http://www.appea.com.au>
Purpose
To provide information on the financial performance of the Australian petroleum exploration and production industry.
Description
A survey of companies in the Australian petroleum exploration and production industry (approximately 60), which account for in excess of 95% of oil and gas production activity in Australia.
A mail questionnaire is used to collect the data, and telephone follow-up is undertaken when required.
Main data detail
- gross revenue
- assets/liabilities
- expenditures
- taxes paid
- net profit
- industry returns
- borrowings
- employment.
Geographic coverage
Australia.
Frequency of data availability
Annual.
Reference period
Year ended 30 June.
Historical data
Data are available from 1987-88.
Products and services
Publication
- APPEA Petroleum Exploration and Production Industry Financial Survey
Other
Example of information available
KEY FINANCIAL STATISTICS- AUSTRALIA
 |  | Units | 1995-96 | 1996-97 | 1997-98 | 1998-99 | 1999-2000 |
|
Sales volume | mmboe | 330 | 331 | 359 | 357 | 387 |
 |  |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |
 | Operating revenue | $m | 8,034 | 8,691 | 8,889 | 8,315 | 12,138 |
 | Other revenue | $m | 249 | 678 | 466 | 653 | 552 |
 |  |  |  |  |  |  |  |
Costs non-tax |  |  |  |  |  |  |
 | Amortisation / write-off |  |  |  |  |  |  |
 | of exploration and development | $m | 561 | 447 | 401 | 599 | 591 |
 | Depreciation / depletion | $m | 1,310 | 1,357 | 1,396 | 1,419 | 1,770 |
 | Interest | $m | 432 | 379 | 400 | 558 | 584 |
 | Operating and production costs | $m | 1,502 | 2,227 | 2,593 | 2,637 | 3,756 |
 |  |  |  |  |  |  |  |
Costs tax |  |  |  |  |  |  |
 | Petroleum resource rent tax | $m | 899 | 950 | 986 | 542 | 1,163 |
 | Production excise, royalties and |  |  |  |  |  |  |
 | licence fees | $m | 285 | 340 | 483 | 479 | 614 |
 | Income tax | $m | 1,218 | 1,509 | 1,398 | 1,078 | 1,381 |
 | Other taxes | $m | 87 | 86 | 90 | 91 | 47 |
 |  |  |  |  |  |  |  |
Other costs (gains) | $m | 55 | -81 | -19 | 83 | -55 |
 |  |  |  |  |  |  |  |
Net profit after tax | $m | 1,934 | 2,155 | 1,627 | 1,491 | 2,800 |
 |  |  |  |  |  |  |  |
Capital expenditure (in Australia) |  |  |  |  |  |  |
 | Exploration / development assets | $m | 904 | 961 | 1,148 | 1,276 | 904 |
 | Production assets | $m | 1,446 | 1,498 | 2,112 | 3,040 | 1,404 |
 |  |  |  |  |  |  |  |
Borrowings at year end | $m | 8,181 | 6,363 | 7,122 | 8,400 | 8,951 |
 |  |  |  |  |  |  |  |
Shareholders' funds | $m | 11,601 | 11,778 | 12,936 | 13,823 | 15,545 |
 |  |  |  |  |  |  |  |
Total assets at year end | $m | 25,712 | 24,206 | 26,642 | 29,159 | 32,101 |
 |  |  |  |  |  |  |  |
Average realised price | $A/bbl | 24.38 | 26.24 | 24.76 | 23.29 | 31.36 |
 | |  |  |  |  |  |  |
Effective after-tax return on assets |  |  |  |  |  |  |
employed | % | 9.2 | 9.3 | 7.7 | 6.0 | 10.1 |
|