Kinematica: Inference-Based Rapid Resource Exploration Scenario Testing. This project aims to build a new workflow for improving resource exploration evaluation by Australian companies and applied to three practical industry cases in frontier basins. The expected outcomes of this proposal are: detailed risk analysis of oil and gas prospectivity in frontier basins onshore and offshore Australia; a new strategic collaboration between Australian industry, government and universities; students train ....Kinematica: Inference-Based Rapid Resource Exploration Scenario Testing. This project aims to build a new workflow for improving resource exploration evaluation by Australian companies and applied to three practical industry cases in frontier basins. The expected outcomes of this proposal are: detailed risk analysis of oil and gas prospectivity in frontier basins onshore and offshore Australia; a new strategic collaboration between Australian industry, government and universities; students trained in advanced computational methods suitable for the evolving Australian oil and gas industry; and a software product that has high commericalisation potential. The project will transfer knowledge from European industry and universities to Australia and has applications for mineral prospectivity in sedimentary basins. Read moreRead less
Latest Jurassic history of the Exmouth Sub-basin, North West Shelf: lowstand deposits of the basal Barrow Group. Sand-filled canyons may be excellent petroleum reservoirs, however, interpretation of formation and sediment filling of these major deep marine features is controversial. This project seeks to elucidate the origin of canyons and associated basin floor fans by combining sedimentological data with seismic interpretation and modelling to generate new insights into the history of the E ....Latest Jurassic history of the Exmouth Sub-basin, North West Shelf: lowstand deposits of the basal Barrow Group. Sand-filled canyons may be excellent petroleum reservoirs, however, interpretation of formation and sediment filling of these major deep marine features is controversial. This project seeks to elucidate the origin of canyons and associated basin floor fans by combining sedimentological data with seismic interpretation and modelling to generate new insights into the history of the Exmouth Sub-basin during the Latest Jurassic. In particular, this project provides an opportunity to explore the role of tectonism in canyon formation, the results of which will be of international interest. Geological models developed in this project will enhance our understanding of deep marine systems.Read moreRead less
Seismic velocity problems associated with Cretaceous-Tertiary carbonate sediments that overlie oil and gas fields of the North West Shelf. The major aim of this collaborative study between Partner Oil Companies and The University of Melbourne is to understand seismic velocity problems associated with tropical carbonate sediments on Australias? North West Shelf. These problems can hinder the hydrocarbon exploration efforts below these carbonates. The project is a multi faceted study and will invo ....Seismic velocity problems associated with Cretaceous-Tertiary carbonate sediments that overlie oil and gas fields of the North West Shelf. The major aim of this collaborative study between Partner Oil Companies and The University of Melbourne is to understand seismic velocity problems associated with tropical carbonate sediments on Australias? North West Shelf. These problems can hinder the hydrocarbon exploration efforts below these carbonates. The project is a multi faceted study and will involve integration of seismic stratigraphy with sedimentological, micropaleontological, and geophysical data. The methods outlined below would underpin any seismic depth migration applications, thereby assisting with the delineation of new gas and oil fields, and help with the estimation of reserves in existing fields.
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The climate evolution of high latitude 140 to 90 million year old hydrocarbon prospective strata of Southeast Australia. Melbourne University and the Royal Botanic Gardens will collaborate with three companies to investigate climate variability in a 140 to 90 million year old greenhouse record in southeast Australia. Spore, pollen & algal studies integrated with wood & plant analyses and zircon dating will improve age estimates of hydrocarbon reservoirs in Gippsland where Lakes Oil and Nexus E ....The climate evolution of high latitude 140 to 90 million year old hydrocarbon prospective strata of Southeast Australia. Melbourne University and the Royal Botanic Gardens will collaborate with three companies to investigate climate variability in a 140 to 90 million year old greenhouse record in southeast Australia. Spore, pollen & algal studies integrated with wood & plant analyses and zircon dating will improve age estimates of hydrocarbon reservoirs in Gippsland where Lakes Oil and Nexus Energy are exploring in one of Australia's premier oil & gas producing regions. This work will lead to a better understanding of climate change in long-term greenhouse conditions. Knowledge of this in the past is critical to prediction of climate change into the futureRead moreRead less
Developing a robust model for pricing inter-related volatility-based financial derivative contracts. Volatility-based financial contracts were developed in the late 1990s to provide an easy way for investors to gain exposure to the future level of volatility and thus provide a means by which they could speculate on its future levels and also hedge unpredictable volatility risk. This would potentially save them from losing vast quantities of money. However these products can only be efficient pr ....Developing a robust model for pricing inter-related volatility-based financial derivative contracts. Volatility-based financial contracts were developed in the late 1990s to provide an easy way for investors to gain exposure to the future level of volatility and thus provide a means by which they could speculate on its future levels and also hedge unpredictable volatility risk. This would potentially save them from losing vast quantities of money. However these products can only be efficient products for trading and risk management if they are priced correctly. This project will benefit investors by providing empirically viable models that will be able to be easily implemented to provide accurate and fast pricing solutions.Read moreRead less
Environmental Evolution of the Willandra Lakes World Heritage Area. The Willandra Lakes World Heritage Area ranks as the most significant area for documenting Australia TMs unique cultural and environmental history. Parts of this remarkable archive are being lost through erosion. This project is the basis for a strategic research alliance between the custodians and managers of the area and leading Australian research institutions to build a picture of the continent TMs human and environmental hi ....Environmental Evolution of the Willandra Lakes World Heritage Area. The Willandra Lakes World Heritage Area ranks as the most significant area for documenting Australia TMs unique cultural and environmental history. Parts of this remarkable archive are being lost through erosion. This project is the basis for a strategic research alliance between the custodians and managers of the area and leading Australian research institutions to build a picture of the continent TMs human and environmental history before this evidence is irretrievably lost. Lake Mungo is known to Australians as the site of the world TMs earliest cremation and a window into our remote past. We will provide novel insights into the evolution of the Australian landscape, its fragile environment and the history of its resilient inhabitants.Read moreRead less
New tools for old rocks: first cycle provenance information. The aims of this research are to enhance stratigraphic understanding of sedimentary sequences in Western Australia through application of novel provenance fingerprinting tools in K-feldspar (Pb isotopes) & apatite (U-Pb, Sr isotopes and grain chemistry). While much stratigraphic characterization has been based on detrital zircon ages & their correlation to basement sources, two major limitations are apparent: a) zircon may be multicycl ....New tools for old rocks: first cycle provenance information. The aims of this research are to enhance stratigraphic understanding of sedimentary sequences in Western Australia through application of novel provenance fingerprinting tools in K-feldspar (Pb isotopes) & apatite (U-Pb, Sr isotopes and grain chemistry). While much stratigraphic characterization has been based on detrital zircon ages & their correlation to basement sources, two major limitations are apparent: a) zircon may be multicycle, blurring source-sink relationships, b) zircon may be absent in mafic lithologies thus biasing investigations. In this work K-feldspar & apatite provenance investigation will be undertaken on a state wide basis and include case studies in the Yilgarn Craton and Canning & Northern Carnarvon Basins.
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Uncovering ancient landscapes with emerging technologies: integrating complex geospatial and fossil data to explore late Cenozoic environmental change. This project aims to use emerging technologies to unravel relationships between prehistoric climate changes and environmental impacts in northern Australia. Given current uncertainty about impacts of contemporary climate change on our biota, it is important to document the outcomes of past climatic changes and, in particular, the globally critica ....Uncovering ancient landscapes with emerging technologies: integrating complex geospatial and fossil data to explore late Cenozoic environmental change. This project aims to use emerging technologies to unravel relationships between prehistoric climate changes and environmental impacts in northern Australia. Given current uncertainty about impacts of contemporary climate change on our biota, it is important to document the outcomes of past climatic changes and, in particular, the globally critical period between 15 and five million years ago that shaped modern Australian environments. Fossil-rich deposits in the Riversleigh World Heritage Area of northern Queensland span this period. Interpretation of their fine-grained record of impact and change will improve our ability to predict and hence better manage impacts of future climate change on our unique national natural heritage.Read moreRead less
Models for Australian Electricity Derivatives. Electricity derivatives, such as electricity futures and options are used to manage the risk associated with volatility in prices of electricity. This project aims to develop models for pricing electricity derivatives specifically suited for Australia. Because of the non-storable nature of electricity the standard option pricing principle of "no-arbitrage" does not apply to electricity options, such as caps and floors, but applies to options on elec ....Models for Australian Electricity Derivatives. Electricity derivatives, such as electricity futures and options are used to manage the risk associated with volatility in prices of electricity. This project aims to develop models for pricing electricity derivatives specifically suited for Australia. Because of the non-storable nature of electricity the standard option pricing principle of "no-arbitrage" does not apply to electricity options, such as caps and floors, but applies to options on electricity futures. Therefore a specific model is needed that takes into account the pricing principle of "no-arbitrage" and combines it with other factors that drive electricity prices. The novel element in this proposal is incorporation of the weather forecasts into the models for electricity options. As a result of this study appropriate models for electricity derivatives for various geographical regions in Australia will be developed.Read moreRead less
Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of ....Investment Approaches and Applications in Financial Markets: Evolutionary Kernel Based Subset Time-Series Using Semi-Parametric Approaches. The project will develop new investment assessments based on subset time-series modeling. Innovative evolutionary kernel smoothing algorithms using semi-parametric approaches will be introduced. The project will make three important applications of this modeling in financial markets: a) benchmarking and evaluation of inflation-indexed bonds; b) evaluation of the performance of global diversified investment funds; and c) prediction to provide early warning of the emergence of destabilising deflation or inflation. These three applications will lead to improved risk management practices and investment performance. Recursive algorithms will provide new statistical methods to study investment asset price movements and market volatility.
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