(EnergyAsia, August 27, Thursday) — Australia had less than 10 years of oil reserves at current production levels, said the country’s leading oil and gas association. The Australian Petroleum Production and Exploration Association (APPEA) warned that the nation faces a crude oil and condensate deficit worth A$28 billion in under 10 years unless it makes…
AUSTRALIA: Oil reserves now stand at less than 10 years of production, says APPEA
Posted on August 26, 2009 by EnergyAsia