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A changing global landscape

Despite prior successes, the Australian oil and gas sector faces many challenges. A confluence of global trends and domestic challenges require new ways of thinking about the exploration and production oil and gas, and the future of the energy sector more generally. Overcoming them will require innovation and new collaboration strategies.

[Image appears of an orange screen displaying the CSIRO logo and then the image changes to show an animation image of the world globe surrounded by oil and gas logos]

Narrator: The Australian Oil and Gas Sector is at a crossroads.

[Camera zooms in on Australia on the globe and the image shows boats moving around the map]

As a leading energy exporter with abundant resources, Australia is well placed to help supply the world’s growing population with the energy it needs.

[Camera pans to the left and the image shows a boat moving between the continents of America and Africa and then the camera pans to the right to show energy symbols on the map of Australia]

However, Australia faces several challenges, including low cost international competition and the ongoing decarbonisation of the energy sector.

[Animation image changes to show a truck with a moving railroad track and then the image shows the truck moving off the right-hand side of the screen]

This means that the era of “Business as usual” is over.

[Animation image changes to show a drone and then the image changes to show the drone inside a graph and arcs appear on the graph and text appears above the arcs: Horizon 1, Horizon 2]

The sector must adapt to remain successful into the future.  Companies must look ahead to understand strategic opportunities, identify the enabling technologies and plan the research and development activities necessary to unlock them.

[Animation image shows a third arc appearing on the graph with a robotic person working beneath the arc and text appears above the arc: Horizon 3]

For example, how can digital solutions like advanced analytics, artificial intelligence and robotics transform the way assets are operated and maintained

[Animation image changes to show pictures of different energy options in a line and then the pictures move to form a diagram]

and how can new business models and diversified service offerings support a company’s competitive advantage as the energy mix evolves.

[Image changes to show five outline heads and then the camera zooms out to show outline heads covering the screen and then the image changes to show a Roadmap brochure entitled: Oil and Gas]

Drawing upon our connections with industry and the world class research expertise of our 5,000 science professionals, we’ve developed a road map that outlines opportunities for Australia’s Oil and Gas Sector to achieve long term growth.

[Image changes to show a blue screen and text appears: CSIRO Future, Unlocking Australia’s future growth opportunities]

Download your copy today and lead the change.

[Music plays and CSIRO logo and text appears: Australia’s innovation catalyst]

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A vision for the oil and gas industry

The Australian oil and gas industry has the potential to be a globally competitive, sustainable, collaborative and innovative sector that fully supports domestic energy needs and maintains a leadership position in energy export markets.

Oil and Gas - A Roadmap for unlocking future growth opportunities for Australia

Enabling the vision

The Oil and Gas Roadmap identifies four high-impact pathways to growth that are enabled by science and technology. These are:

  • Being more efficient in exploration and production to cost-effectively unlock resources
  • Using digital and automated solutions to improve the economics of current assets
  • Focusing on advanced environmental technologies to further minimise impacts on air and water, and
  • Identifying business models and products that represent new revenue streams, for example diversifying into higher value products like hydrogen.

Long-term success will also be underpinned by continued innovation, as well as collaboration across the sector and with science and research.

Download the report

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