Asset Report

Bass Strait

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23 May 2018

Bass Strait

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
    • Key issues
  • Location maps
    • Bass Strait Joint Venture
    • Recent Exploration
    • Exploration History
    • Reserves
    • Recovery Rates
    • Contingent Resources
    • Oil/Condensate
    • LPG
    • Gas
    • Key development metrics
      • Wells
      • Processing facilities
      • Production facilities
    • Additional information
      • Initial Development
      • Infill drilling programmes
      • Tuna-Turrum Development
      • Kipper Development
      • Future Developments
    • Oil, condensate & LPG
    • Gas
    • Exploration Costs
    • Capital Costs
      • Pre-1990
      • Post-1990
    • Abandonment cost
    • Operating Costs
    • 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
    • Royalty
      • Weeks royalty
    • Excise duty
    • PRRT
      • PRRT dispute
    • Corporate income tax
    • 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:

  • Document

    Bass Strait

    PDF 5.52 MB

  • Document

    Bass Strait

    XLS 862.50 KB

  • Document

    Bass Strait

    ZIP 6.24 MB

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