The Great Australian Bight Basin is an offshore basin, located off the southern coast of Australia. Compared to other, higher profile basins around Australia, the Basin has seen minimal exploration activity and no discoveries have been made with the nine wells drilled to date. The Basin is exposed to harsh weather conditions and rough sea states, and developments will have to be built to high specification to withstand the conditions, however the Basin offers significant value creation potential for investors, based on its potential for large oil discoveries. This Exploration Basin report provides a detailed analysis of exploration in this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. We evaluate the yet-to-find volume and value potential. This report is accompanied by multiple excel downloads which detail costs, volumes and value.