Unitized recovery of petroleum deposits in Australia

Abstract

An investigation of the regime imposed upon Australian petroleum (oil and gas) producers to ensure efficient and maximised recovery. The Australian practice is founded upon North American experience although the Australian regulator is also the royalty recipient unlike the US and Canada where the fee simple land owner is the royalty recipient. The Australian regime is made up of three areas being onshore, coastal waters, and off-shore and is administered by the Federal government and the seven regional (being the six states and the Northern Territory) governments.