Asset Report
Varanus Island
Report summary
The Varanus Island Hub is collection of offshore oil and gas fields in waters surrounding Varanus Island, situated around 59 km off the northwest coast of Australia. A 390 TJ/d gas processing plant located on Varanus Island serves as a central gathering and processing hub for production streams from the fields. Gas is currently supplied by John Brookes and Spartan fields. The East Spar field ceased production in 2005. Production from the Harriet Area fields ceased in 2021.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
- Development wells
- John Brookes platform
- East Spar subsea
- Halyard-Spar subsea
- Harriet Area
-
Infrastructure
- Processing facilities
- Export pipeline
- 2008 Varanus Island Explosion
-
Costs
- Initial development costs
- Further development costs
- Abandonment costs
- Operating costs
-
Sales contracts
- EDL LNG
- Wambo Power Ventures
- Alcoa
- Rio Tinto
-
Fiscal and regulatory
- PRRT
- Corporate income tax
-
Economic assumptions
- Discount rate and date
- Exchange rate
- Inflation rate
- Oil price
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production: Table 2
- Production Profile
- 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 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Sales contracts: Table 1
- Sales contracts: Table 2
- Sales contracts: Table 3
What's included
This report contains:
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