Bass Strait
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Report summary
The Bass Strait has been one of Australia's main oil and gas producing regions since the 1970s. The project is made up of 19 platforms and four subsea tiebacks located in the Gippsland Basin, offshore Victoria. Over 30 fields make up the Bass Strait grouping, 20 of which are currently producing.In earlier years, oil production was the major focus, but gas has become increasingly important as oil output declined from its peak in 1985.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Bass Strait Joint Venture
-
Exploration
- Recent Exploration
- Exploration History
-
Reserves and resources
- Reserves
- Recovery Rates
- Contingent Resources
-
Production
- Oil/Condensate
- LPG
- Gas
-
Development
-
Key development metrics
- Wells
- Processing facilities
- Production facilities
-
Additional information
- Initial Development
- Infill drilling programmes
- Tuna-Turrum Development
- Kipper Development
- Future Developments
-
Key development metrics
-
Infrastructure
- Oil, condensate & LPG
- Gas
-
Costs
- Exploration Costs
-
Capital Costs
- Pre-1990
- Post-1990
- Abandonment cost
- Operating Costs
-
Sales contracts
-
GASCOR (GFCV)
- D Contract (1967-1996)
- C Contract (1975-1996)
- Peak Day Requirement Contract (1990-2000)
- GASCOR Contract Re negotiation (1996-2009)
- AGL
- EnergyAustralia (formerly TRUenergy/TXU)
- Tasmania - Aurora Energy (formerly Alinta and Duke Energy)
- Origin Energy
- Australian Power and Gas
- Lumo Energy
- Orica
- Direct Sales
- Gas Pricing
- Ethane
-
GASCOR (GFCV)
-
Fiscal and regulatory
-
Royalty
- Weeks royalty
- Excise duty
-
PRRT
- PRRT dispute
- Corporate income tax
-
Royalty
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Exchange rate
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 28 images and tables including:
- Key facts: Table 1
- Index Map
- Bass Strait Detail Map
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
- Remaining Present Value Price Sensitivities
- Participation: Table 1
- Exploration: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production Profile
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Sales contracts: Table 1
- Development: Table 1
- Development: Table 2
- Development: Table 3
- Development: Table 4
- Development: Table 5
- Development: Table 6
What's included
This report contains:
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