Next event

days
hours
minutes
seconds
5th October, 2017

Join SPE

Join SPE

Click here to join SPE QLD

Learn More

Luncheon Meetings

Luncheon Meetings

Hear from guest speakers

Learn More

Latest NewsLatest News

23/8/17

We are pleased to announce that the 2018 SPE Asia Pacific Oil and Gas Conference and Exhibition (APOGCE) will be held from 23–25 October 2018 in...


24/5/17

SPE Queensland Needs You - Volunteer Opportunities Our section thrives because a wide range of people volunteer their time to create and deliver our ...


Welcome to Society of Petroleum Engineers Queensland section

SPE Queensland Mission

To collect, disseminate, and exchange technical knowledge concerning the exploration, development and production of oil and gas resources, and related technologies for the public benefit; and to provide opportunities for professionals to enhance their technical and professional competence.

 Find out more about SPE 


Chairperson's message

SPE Industry Leaders discussion forum on 29th June 2017.

The Industry Leaders forum was well attended and went overtime due to the attentive and dynamic conversation between the panel and the audience.

Australia’s oil and gas sector has huge potential. Our recent rapid expansion in LNG production capacity in Qld has greatly increased gas supply in Qld this has been offset by regulatory restrictions in other states which have reduced the increase in gas production in those states and now we find ourselves, in Eastern Australia, in a situation that has been termed a gas crisis.

The panel discussion, although mostly focusing on gas, discussed the dynamics and issues of the market in terms of gas, liquids and coal production and it’s effect on the consumers namely LNG production, power generation, manufacturing and transportation fuels.

Some important takeaways from the discussion:

  • We need improved inter and intra organisation collaboration (technical, commercial and regulatory) to more rapidly improve exploration and operational efficiencies and drive down costs.
  • One part of this is greater availability of and access to production data to enable better exploration risk management. A la Canadian petroleum data management framework.
  • More predictable and consistent regulatory frame work to reduce uncertainty for explorers and existing operators and more importantly to reduce uncertainty for and entice potential investors in the Australian Oil & Gas sector.
  • Rapid increase in access to exploration acreage. We have a supply problem.

 

One person asked What can we do? Well, we at the SPE are active in the area of technical collaboration! So let’s step it up a gear. Share your ideas. Be active in the industry conversation.

If you want to gain a more in depth understanding of the issues read the Finkel Report. Although primarily about the future of Australia’s power supply it covers all the issues. Available at https://www.environment.gov.au/energy/publications/electricity-market-final-report

Thank you to all attendees for making this a memorable evening and a special thanks to the Industry Leader panellists.


Remember you can now Like us on Facebook to receive updates through social media.  You can also find us on Linkedin.