- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year.
Australia Crude Oil and Condensate Production was 281 Thousand Barrels Daily in 2023, down 9.6% on 2022. The Crude Oil and Condensate Production dataset of Australia from 2015 to 2023 provides a clear and consistent view of the country’s petroleum production landscape, highlighting production trends, crude oil output, condensate volumes, and supply patterns over the observed period.
Australia Crude Oil and Condensate Production moved from 322 Thousand Barrels Daily in 2015 to 281 Thousand Barrels Daily in 2023 (−12.7%), an average of −1.7% a year. The series high was 361 Thousand Barrels Daily in 2019 and the low 263 Thousand Barrels Daily in 2017.
The gap between the series high (2019) and low (2017) is 98.00 Thousand Barrels Daily. The sharpest single-year move was +28% in 2019.
Among the 28 countries in this dataset, Australia ranks 23 for 2023, behind U.S. (12,927 Thousand Barrels Daily) and Russia (10,554 Thousand Barrels Daily). It accounts for 0.3% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
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| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 281 | −9.6% |
| 2022 | 311 | −7.2% |
| 2021 | 335 | −4.6% |
| 2020 | 351 | −2.8% |
| 2019Peak | 361 | +28% |
| 2018 | 282 | +7.2% |
| 2017 Trough | 263 | −9.3% |
| 2016 | 290 | −9.9% |
| 2015 | 322 | — |
Regional context
Crude Oil and Condensate Production by country, 2023, Thousand Barrels Daily. Australia is highlighted.
Data definition
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in thousand barrels daily, the dataset reflects domestic crude oil and condensate production from offshore and onshore resources, making it an important indicator of upstream energy activity, resource utilization, energy security, and hydrocarbon supply performance.
Australia produced 322 thousand barrels daily of crude oil and condensate in 2015, declining to 290 thousand barrels daily in 2016 and 263 thousand barrels daily in 2017. Production recovered to 282 thousand barrels daily in 2018 before increasing significantly to 361 thousand barrels daily in 2019, the highest level recorded during the review period. Output remained relatively strong at 351 thousand barrels daily in 2020 before declining to 335 thousand barrels daily in 2021 and 311 thousand barrels daily in 2022. Production decreased further to 281 thousand barrels daily in 2023, approaching the levels observed earlier in the review period.
Overall, the dataset shows moderate fluctuations in Australia's crude oil and condensate production, with a notable production peak in 2019 followed by a gradual decline through 2023. The trend reflects changing field performance, production from offshore developments, natural reservoir depletion, and evolving investment across the upstream petroleum sector.
The dataset serves as a valuable resource for monitoring national oil production performance, assessing upstream industry developments, and evaluating long-term supply dynamics. It also supports production forecasting, investment analysis, energy market assessments, and policy development. Researchers, policymakers, and industry stakeholders can use the information to evaluate production efficiency, resource management practices, and future exploration opportunities while supporting strategic planning across Australia's petroleum industry.
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Definition- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Australia Crude Oil and Condensate Production was 281 Thousand Barrels Daily in 2023, down 9.6% on 2022.
Australia Crude Oil and Condensate Production moved from 322 Thousand Barrels Daily in 2015 to 281 Thousand Barrels Daily in 2023 (−12.7%), an average of −1.7% a year. The series high was 361 Thousand Barrels Daily in 2019 and the low 263 Thousand Barrels Daily in 2017.
The highest value was 361 Thousand Barrels Daily in 2019 and the lowest was 263 Thousand Barrels Daily in 2017.
Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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