Asset Report
Bass Strait
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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. 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 and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Bass Strait Joint Venture
-
Exploration
- Recent exploration
- Exploration history
-
Reserves and resources
-
Reserves
- Contingent resources
-
Reserves
-
Production
- Oil/Condensate
- LPG
- Gas
-
Development
-
Key development metrics
- Wells
- Processing facilities
-
Additional information
- Initial Development
- Infill drilling programmes
- Tuna-Turrum Development
- Kipper development
- West Barracouta
- Future development
- Abandonment
-
Key development metrics
-
Infrastructure
- Oil, condensate & LPG
- Gas
-
Costs
- Exploration Costs
-
Capital Costs
- Pre-1990
- Post-1990
- Decommissioning costs
-
Sales contracts
- AGL
- Tasmania - Aurora Energy (formerly Alinta and Duke Energy)
- Origin Energy
- Orica
- Direct Sales
- Gas Pricing
- Ethane
-
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 27 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 01/01/2025
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2025)
- Remaining Present Value Price Sensitivities
- Participation: Table 1
- Exploration: Table 1
- Production: Table 1
- Production: Table 2
- Production Profile
- Sales contracts: Table 1
- Reserves and resources: Table 1
- Development: Table 1
- Development: Table 2
- Development: Table 3
- Development: Table 4
- Development: Table 5
- Development: Table 6
- Costs: Table 1
- Costs: Table 2
- Operating Costs
What's included
This report contains:
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