The Australian Petroleum Production & Exploration Association works to strenghthen the overall Australian economy
Submitted by the Australian Petroleum Production & Exploration Association
The Australian Petroleum Production & Exploration Association represents the upstream oil and gas industry in Australia. APPEA member companies produce around 98 per cent of Australia’s oil and gas.
Reliable, secure and competitively priced energy is crucial to our everyday lives in Australia. Within this framework, oil and gas plays a key role in meeting many of our energy needs. At present, petroleum (oil and gas) accounts for more than 50 per cent of Australia’s primary energy needs – this is expected to increase into the foreseeable future.
Just as importantly, the industry creates significant wealth for the country, including through the employment of many Australians, underpinning the revenue collections of governments and generating valuable export revenue for the Australian economy. A strong, vibrant and growing industry is essential to the on-going health of the Australian economy.