- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place.
Australia Oil Production was 0.383 Million Barrels Daily in 2023, down 7% on 2022. The Oil Production dataset of Australia from 2015 to 2023 provides a clear and consistent view of the country's oil production landscape, highlighting output trends, production levels, supply changes, industry performance, and annual market developments over the observed period.
Australia Oil Production moved from 0.378 Million Barrels Daily in 2015 to 0.383 Million Barrels Daily in 2023 (+1.3%), an average of +0.2% a year. The series high was 0.458 Million Barrels Daily in 2019 and the low 0.322 Million Barrels Daily in 2017.
The gap between the series high (2019) and low (2017) is 0.136 Million Barrels Daily. The sharpest single-year move was +33.9% in 2019.
Among the 27 countries in this dataset, Australia ranks 23 for 2023, behind U.S. (19.36 Million Barrels Daily) and Saudi Arabia (11.39 Million Barrels Daily). It accounts for 0.4% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Million Barrels Daily.
Scroll the table sideways to see all columns.
| Year | Million Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 0.383 | −7% |
| 2022 | 0.412 | −7.2% |
| 2021 | 0.444 | −2.2% |
| 2020 | 0.454 | −0.9% |
| 2019Peak | 0.458 | +33.9% |
| 2018 | 0.342 | +6.2% |
| 2017 Trough | 0.322 | −8.8% |
| 2016 | 0.353 | −6.6% |
| 2015 | 0.378 | — |
Regional context
Oil Production by country, 2023, Million Barrels Daily. Australia is highlighted.
Data definition
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used across countries.
Oil Production — - Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Measured in thousand barrels daily, the dataset reflects total oil production and serves as an important indicator of upstream activity, domestic energy supply, investment trends, resource development, and the overall performance of Australia's petroleum sector. The information supports analysis of production patterns, offshore developments, investment activity, and the country's role in regional oil supply.
Australia produced 378 thousand barrels daily in 2015 before declining to 353 thousand in 2016 and 322 thousand in 2017. Production recovered to 342 thousand barrels daily in 2018 before increasing significantly to 458 thousand in 2019, reflecting higher production from offshore projects and improved field performance. Output remained relatively strong at 454 thousand barrels daily in 2020 and 444 thousand in 2021 before declining to 412 thousand in 2022 and 383 thousand barrels daily in 2023. The later decline reflects production normalization, natural depletion of mature fields, and changing operational conditions across Australia's upstream sector.
Overall, the dataset demonstrates fluctuating oil production during the review period, characterized by an initial decline, a strong recovery through 2019–2021, and a moderate reduction during the final years. Despite these variations, Australia continues to maintain a significant petroleum industry supported by offshore exploration, technological advancements, and continued investment in resource development and production efficiency.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating supply trends, assessing upstream investment, supporting market analysis, forecasting future production, and enabling policymakers, researchers, investors, and industry stakeholders to develop effective energy strategies and production planning.
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Definition- Oil Production refers to the total amount of crude oil extracted from underground reservoirs within a country during a given year, before any refining or processing takes place. It is typically measured in thousand barrels per day (kb/d) and represents the output of crude petroleum from both conventional and unconventional sources. This indicator reflects a country’s upstream oil industry performance, resource availability, and role in global energy supply. It is widely used to assess production trends, energy security, and dependence on oil resources for economic development.
Australia Oil Production was 0.383 Million Barrels Daily in 2023, down 7% on 2022.
Australia Oil Production moved from 0.378 Million Barrels Daily in 2015 to 0.383 Million Barrels Daily in 2023 (+1.3%), an average of +0.2% a year. The series high was 0.458 Million Barrels Daily in 2019 and the low 0.322 Million Barrels Daily in 2017.
The highest value was 0.458 Million Barrels Daily in 2019 and the lowest was 0.322 Million Barrels Daily in 2017.
Included: The data includes crude oil extracted from both onshore and offshore oil fields, covering production from conventional wells as well as unconventional sources such as tight oil and shale oil where applicable. It includes all crude oil produced at the wellhead before refining, processing, or blending. The indicator may also include lease condensate when reported as part of crude oil production in national energy statistics. Data is compiled from national energy agencies, oil companies, and standardized international energy databases, ensuring consistency in comparing production levels across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, jet fuel, kerosene, LPG, and other products derived from crude oil after refining. It does not include natural gas production, natural gas liquids (except where classified as condensate under crude oil reporting), biofuels, synthetic crude from coal-to-liquids or gas-to-liquids processes, or refinery gains. The indicator does not measure oil consumption, reserves, imports, exports, or refining capacity. Minor variations may arise due to differences in national reporting standards, classification of condensates, and estimation methodologies used 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 Million Barrels Daily.
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