The total crude oil and condensate production of Oceania in 2022 decreased by 8.86% when compared to 2021. The largest oil producing countries in Oceania are Australia, Papua New Guinea, and New Zealand. Through to 2030, annual crude oil and condensate production is forecasted to decrease by a CAGR of 10.53%. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil & gas fields segment. Buy the latest oil & gas fields profiles here.

In 2022, Australia had the highest crude oil production, followed by Papua New Guinea and New Zealand. Here are the 10 largest crude oil fields in Oceania by production in 2022, according to GlobalData’s Oil & Gas, Upstream Fields Database.

1. Van Gogh

Van Gogh is located in Western Australia, Australia. This crude oil field is owned by Inpex, Santos and operated by Santos WA PVG. The field produced 0.04mmbpd in 2022 and recovered 43.65% of its total recoverable crude oil and condensate reserves, with peak production in 2019. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2068. Buy the profile here.

2. Vincent

Vincent is located in Western Australia, Australia. This crude oil field is owned by Mitsui & Co, Woodside Energy Group and operated by Woodside Energy Group. The field produced 0.02mmbpd in 2022 and recovered 49.43% of its total recoverable crude oil and condensate reserves, with peak production in 2012. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2068. Buy the profile here.

3. Norton over Laverda

Norton over Laverda is located in Western Australia, Australia. This crude oil field is owned by Mitsui & Co (40.00%), Woodside Energy Group and operated by Woodside Energy Group. The field produced 0.02mmbpd in 2022 and recovered 33.99% of its total recoverable crude oil and condensate reserves, with peak production in 2020. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2053. Buy the profile here.

4. Gippsland

Gippsland is located in Victoria, Australia. This crude oil field is owned by Exxon Mobil, Woodside Energy Group and operated by Esso Australia Resources. The field produced 0.02mmbpd in 2022 and recovered 98.92% of its total recoverable crude oil and condensate reserves, with peak production in 1985. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2048. Buy the profile here.

5. Okha Complex

Okha Complex is located in Western Australia, Australia. This crude oil field is owned by Chevron, Jadestone Energy , Mitsubishi, Mitsui & Co, Woodside Energy Group and operated by Woodside Energy Group. The field produced 0.02mmbpd in 2022 and recovered 87.72% of its total recoverable crude oil and condensate reserves, with peak production in 2002. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2044. Buy the profile here.

6. Laverda Canyon

Laverda Canyon is located in Western Australia, Australia. This crude oil field is owned by Mitsui & Co, Woodside Energy Group and operated by Woodside Energy Group. The field produced 0.01mmbpd in 2022 and recovered 32.71% of its total recoverable crude oil and condensate reserves, with peak production in 2020. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2054. Buy the profile here.

7. Pyrenees

Pyrenees is located in Western Australia, Australia. This crude oil field is owned by Santos, Woodside Energy Group and operated by Woodside Energy (Australia). The field produced 0.01mmbpd in 2022 and recovered 94.79% of its total recoverable crude oil and condensate reserves, with peak production in 2010. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2027. Buy the profile here.

8. Greater Moran Unit

Greater Moran Unit is located in Southern Highlands, Papua New Guinea. This crude oil field is owned by Exxon Mobil , JX Nippon Oil & Gas Exploration, Kumul Petroleum Holdings, Marubeni, Mineral Resources Development Co, Santos and operated by Oil Search (PNG). The field produced 0.01mmbpd in 2022 and recovered 80.11% of its total recoverable crude oil and condensate reserves, with peak production in 2007. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2046. Buy the profile here.

9. Bauer

Bauer is located in South Australia, Australia. This crude oil field is owned by Beach Energy and operated by Beach Energy. The field produced 0.005mmbpd in 2022 and recovered 86.08% of its total recoverable crude oil and condensate reserves, with peak production in 2020. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2036. Buy the profile here.

10. Barrow Island

Barrow Island is located in Western Australia, Australia. This crude oil field is owned by Chevron, Exxon Mobil, Santos and operated by Chevron Australia. The field produced 0.005mmbpd in 2022 and recovered 98.08% of its total recoverable crude oil and condensate reserves, with peak production in 1970. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2027. Buy the profile here.

For more details on the upstream fields, buy the profiles here.

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