8412.0 - Mineral and Petroleum Exploration, Australia, Sep 2018  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2018   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product


SUMMARY COMMENTARY


MINERAL EXPLORATION (OTHER THAN FOR PETROLEUM)


TOTAL EXPENDITURE

The trend estimate for total mineral exploration expenditure increased 3.6% ($19.4m) to $561.4m in the September quarter 2018. The largest contributor to the increase in the trend estimate this quarter was Western Australia (up 4.7%, $15.5m). The current quarter estimate is 25.7% higher than the September quarter 2017 estimate.

The seasonally adjusted estimate for mineral exploration expenditure fell 1.7% (-$9.3m) to $547.4m in the September quarter 2018. The largest contributor to the fall this quarter was New South Wales (down 11.9%, -$7.8m).

MINERAL EXPLORATION, Seasonally adjusted and trend
Graph: Mineral Exploration (Time Series Estimate): Expenditure and Metres Drilled, ; Total deposits , Australia


In original terms, mineral exploration expenditure rose 2.5% ($14.3m) to $582.1m in the September quarter 2018. Exploration on areas of new deposits rose 13.0% ($25.7m) and expenditure on areas of existing deposits fell 2.0% (-$7.5m).

In original terms, the largest increase by minerals sought came from expenditure on gold (up 8.5%, $18.8m).

MINERAL EXPLORATION, Original series
Graph: MINERAL EXPLORATION, Original series



METRES DRILLED

The trend estimate for metres drilled rose 5.8% in the September quarter 2018. The current quarter estimate is 22.5% higher than the September quarter 2017 estimate.

The seasonally adjusted estimate for metres drilled rose 7.1% in the September quarter 2018.

METRES DRILLED, Seaonally adjusted and trend
Graph: METRES DRILLED, Seaonally adjusted and trend


In original terms, metres drilled rose 6.0%. Drilling in areas of new deposits rose 7.2% and drilling in areas of existing deposits rose 5.8%.

METRES DRILLED, Original series
Graph: METRES DRILLED, Original series



PETROLEUM EXPLORATION


TOTAL EXPENDITURE

The trend estimate for total petroleum exploration expenditure rose 14.5% ($39.9m) to $314.3m in the September quarter 2018. Exploration expenditure on production leases rose 18.3% ($11.3m) and exploration expenditure on all other areas rose 12.3% ($26.2m).

The seasonally adjusted estimate for total petroleum exploration expenditure fell 6.6% (-$21.5m) to $305.6m in the September quarter 2018. Exploration expenditure on production leases rose 63.6% ($32.9m) and exploration expenditure on all other areas fell 19.8% (-$54.4m).

The largest contributor to the increase in the trend estimate was Western Australia (up 18.2%, $29.2m) and the largest contributor to the fall in the seasonally adjusted estimate was Western Australia (down 16.0%, -$33.8m).

PETROLEUM EXPLORATION, Seasonally adjusted and trend
Graph: PETROLEUM EXPLORATION, Seasonally adjusted and trend



ONSHORE

The trend estimate for onshore petroleum exploration expenditure rose 10.7% ($9.9m) to $102.6m in the September quarter 2018. Expenditure on drilling rose 19.2% ($12.1m) and other onshore petroleum exploration expenditure fell 7.1% (-$2.1m).

The seasonally adjusted estimate for onshore petroleum exploration expenditure rose 0.7% ($0.7m) to $101.4m in the September quarter 2018. Expenditure on drilling rose 40.7% ($23.8m) and other onshore petroleum exploration fell 55.1% (-$23.3m).

PETROLEUM EXPLORATION: ONSHORE, Seasonally adjusted and trend
Graph: PETROLEUM EXPLORATION: ONSHORE, Seasonally adjusted and trend



OFFSHORE

The trend estimate for offshore petroleum exploration expenditure rose 15.6% ($28.3m) to $210.0m in the September quarter 2018. Expenditure on drilling rose 27.1% ($25.7m) and other offshore petroleum exploration expenditure rose 3.0% ($2.6m).

The seasonally adjusted estimate for offshore petroleum exploration expenditure fell 9.8% (-$22.2m) to $204.2m in the September quarter 2018. Expenditure on drilling fell 19.8% (-$27.3m) and other offshore petroleum exploration expenditure rose 5.8% ($5.1m).

PETROLEUM EXPLORATION: OFFSHORE, Seasonally adjusted and trend
Graph: PETROLEUM EXPLORATION: OFFSHORE, Seasonally adjusted and trend


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2018 4 March 2019
March 2019 3 June 2019
June 2019 2 September 2019
September 2019 2 December 2019



INQUIRIES

Inquiries about these and related statistics, contact the National Information and Referral Service on 1300 135 070. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.