Asset Report

Bass Strait

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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. In earlier years, oil production was the major focus, but gas has become increasingly important. Oil output has been in declined since its peak in 1985.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
    • Bass Strait Joint Venture
    • Recent exploration
    • Exploration history
    • Reserves
      • Contingent resources
    • Oil/Condensate
    • LPG
    • Gas
    • Key development metrics
      • Wells
      • Processing facilities
    • Additional information
      • Initial Development
      • Infill drilling programmes
      • Tuna-Turrum Development
      • Kipper development
      • West Barracouta
      • Future development
      • Abandonment
    • Oil, condensate & LPG
    • Gas
    • Exploration Costs
    • Capital Costs
      • Pre-1990
      • Post-1990
      • Decommissioning costs
    • AGL
    • Tasmania - Aurora Energy (formerly Alinta and Duke Energy)
    • Origin Energy
    • Orica
    • Direct Sales
    • Gas Pricing
    • Ethane
    • Royalty
      • Weeks royalty
    • Excise duty
    • PRRT
      • PRRT dispute
    • Corporate income tax
  • 2 more item(s)...

Tables and charts

This report includes the following images and tables:

  • 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 01/01/2025
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2025)
  • Remaining Present Value Price Sensitivities
  • Participation: Table 1
  • 15 more item(s)...

What's included

This report contains:

  • Document

    Bass Strait

    PDF 6.16 MB

  • Document

    Bass Strait

    XLS 948.00 KB