Production Table 6 - Australia's Production and Demand for Crude Oil and Condensate 2010-2029

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Year Production Consumption Ratio
2010 618 966 64%
2011 587 982 60%
2012 538 997 54%
2013 471 1009 47%
2014 488 1022 48%
2015 485 1036 47%
2016 470 1050 45%
2017 483 1064 45%
2018 500 1079 46%
2019 499 1094 46%
2020 485 1109 44%
2021 454 1125 40%
2022 423 1141 37%
2023 403 1158 35%
2024 375 1175 32%
2025 361 1193 30%
2026 349 1210 29%
2027 339 1128 28%
2028 329 1247 26%
2029 320 1266 25%

Consumption data derived from:
Cuevas-Cubria, C., Schultz, A., Petchey, R., Maliyasena, A. and Sandu, S. (2010) Energy Update 2010, ABARE, Canberra.

Syed, A., Wilson, R., Sandu, S., Cuevas-Cubria, C. and Clarke, A. (2007) Australian Energy: National and State Projections to 2029-2030, ABARE Research Report 07.24, prepared for the Australian Government Department of Resources, Energy and Tourism, Canberra.