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88 percent of Australia's cumulative crude oil production to 1986 came from the Gippsland Basin in Victoria. This report from Geoscience Australia details the discovery of 11 economic, 26 subeconomic, and 6 uneconomic offshore petroleum accumulations, along with cumulative production and remaining recoverable reserve figures as of December 31, 1986. The petroleum is found in structural traps within Oligocene to Late Cretaceous sequences and is believed to be of land-plant origin.
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