The petroleum industry in Western Australia is the largest contributor to Australia's production of most petroleum products. Based largely on development of the reserves of the North West Shelf and other onshore hydrocarbon basins, the industry extracts crude oil, condensate and natural gas from petroleum reservoirs deep beneath the Earth's surface. A large plant located at Withnell Bay near Dampier, produces liquefied natural gas (LNG) for export to Asian customers. Crude oil and most petroleum liquids are exported, and Australia's largest petroleum refinery at Kwinana in WA's south-west, produces petrol and diesel for local consumption. Natural gas is processed at plants located on islands off the WA coast and onshore, then transported by pipelines to gas users throughout the state.
In 2007, the industry produced 126 million barrels (20,000,000 m3) of crude oil/condensate, and 30 billion cubic metres of gas. 65% of the gas was transformed into 12 million tonnes of LNG (all of which was exported), with the remainder of the gas being sold to users in Western Australia. Primary production by the industry was valued at $16.7 billion, accounting for 31% of all natural resources produced in the state.
Read more about Petroleum Industry In Western Australia: Early History, Geology, Sector Organisation
Famous quotes containing the words industry, western and/or australia:
“You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.”
—Andrew Jackson (17671845)
“Modern bodybuilding is ritual, religion, sport, art, and science, awash in Western chemistry and mathematics. Defying nature, it surpasses it.”
—Camille Paglia (b. 1947)
“It is very considerably smaller than Australia and British Somaliland put together. As things stand at present there is nothing much the Texans can do about this, and ... they are inclined to shy away from the subject in ordinary conversation, muttering defensively about the size of oranges.”
—Alex Atkinson, British humor writer. repr. In Present Laughter, ed. Alan Coren (1982)