The total natural gas production of Oceania in 2022 was 5,973.88bcf an increase of 3.95% when compared to 2021. The largest gas producing countries in Oceania are Australia, Papua New Guinea, New Zealand. Through to 2030, annual gas production is forecasted to decrease by a CAGR of 4.2% to reach 4,054.47bcf. 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 natural gas production at 5464.03bcf, followed by Papua New Guinea at 380.54bcf and New Zealand at 129.31bcf. Here are the 10 largest natural gas fields in Oceania by production in 2022, according to GlobalData’s Oil & Gas, Upstream Fields Database.
1. North West Shelf Venture
North West Shelf Venture is located in Western Australia, Australia. This natural gas field is owned by BP (16.65%), Chevron (16.67%), Mitsubishi (8.34%), Mitsui & Co (8.34%), Shell (16.67%), Woodside Energy Group (33.34%) and operated by Woodside Energy Group. The field produced 3,110.71mmcfd in 2022 and recovered 84.63% of its total recoverable natural gas reserves, with peak production in 2022. The peak production was approximately at 3,110.71mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 19.02% of the total Oceania daily natural gas output and it is expected to recover 4,334bcf of natural gas. Buy the profile here.
2. Greater Gorgon
Greater Gorgon is located in Western Australia, Australia. This natural gas field is owned by Chevron (47.32%), Chubu Electric Power Co (0.22%), Exxon Mobil (25.00%), Osaka Gas Co (1.25%), Shell (25.00%), Tokyo Electric Power Co Holdings (0.22%), Tokyo Gas Co (1.00%) and operated by Chevron Australia Pty. The field produced 2,325.85mmcfd in 2022 and recovered 19.11% of its total recoverable natural gas reserves, with peak production in 2018. The peak production was approximately at 2,328.7mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2053. The field currently accounts for approximately 14.22% of the total Oceania daily natural gas output and it is expected to recover 21,169bcf of natural gas. Buy the profile here.
3. Wheatstone & Iago
Wheatstone & Iago is located in Western Australia, Australia. This natural gas field is owned by Chevron (80.00%), Chubu Electric Power Co (0.41%), Japan Oil, Gas and Metals National (4.20%), Kuwait Petroleum (8.00%), Kyushu Electric Power Co (2.00%), Mitsubishi (3.97%), Nippon Yusen Kabushiki Kaisha (1.02%), Tokyo Electric Power Co Holdings (0.41%) and operated by Chevron Australia Pty. The field produced 1,085.69mmcfd in 2022 and recovered 17.24% of its total recoverable natural gas reserves, with peak production in 2029. The peak production will be approximately at 1,088mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 6.64% of the total Oceania daily natural gas output and it is expected to recover 8,785bcf of natural gas. Buy the profile here.
4. Ichthys LNG Project
Ichthys LNG Project is located in Western Australia, Australia. This natural gas field is owned by Chubu Electric Power Co (0.37%), CPC (2.62%), Inpex (66.25%), Osaka Gas Co (1.20%), The Kansai Electric Power Co (1.20%), Toho Gas Co (0.42%), Tokyo Electric Power Co Holdings (0.37%), Tokyo Gas Co (1.57%), TotalEnergies (26.00%), and operated by Inpex Ichthys Pty. The field produced 1,061mmcfd in 2022 and recovered 10.56% of its total recoverable natural gas reserves, with peak production in 2041. The peak production will be approximately at 1,130.63mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2081. The field currently accounts for approximately 6.49% of the total Oceania daily natural gas output and it is expected to recover 12,948bcf of natural gas. Buy the profile here.
5. PNG LNG project
PNG LNG project is located in Southern Highlands, Papua New Guinea. This natural gas field is owned by Exxon Mobil (33.20%), JX Nippon Oil & Gas Exploration (4.70%), Kumul Petroleum Holdings (16.80%), Mineral Resources Development Co (2.80%), Santos (42.50%) and operated by ExxonMobil PNG. The field produced 1,041.89mmcfd in 2022 and recovered 32.64% of its total recoverable natural gas reserves, with peak production in 2020. The peak production will be approximately at 1, 194.43mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 6.37% of the total Oceania daily natural gas output and it is expected to recover 7,005bcf of natural gas. Buy the profile here.
6. Pluto LNG
Pluto LNG is located in Western Australia, Australia. This natural gas field is owned by The Kansai Electric Power Co (5.00%), Tokyo Gas Co (5.00%), Woodside Energy Group (90.00%) and operated by Woodside Burrup Pty. The field produced 811.93mmcfd in 2022 and recovered 35.31% of its total recoverable natural gas reserves, with peak production in 2031. The peak production will be approximately at 878.28mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 4.96% of the total Oceania daily natural gas output and it is expected to recover 4,903bcf of natural gas. Buy the profile here.
7. Prelude
Prelude is located in Western Australia, Australia. This natural gas field is owned by CPC (5.00%), Inpex (17.50%), Korea Gas (10.00%), Shell (67.50%) and operated by Shell Australia Pty. The field produced 473.38mmcfd in 2022 and recovered 31.52% of its total recoverable natural gas reserves, with peak production in 2022. The peak production was approximately at 473.38mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 2.89% of the total Oceania daily natural gas output and it is expected to recover 1,058bcf of natural gas. Buy the profile here.
8. Fairview
Fairview is located in Queensland, Australia. This natural gas field is owned by Korea Gas (11.36%), Petroliam Nasional (20.83%), Santos (46.98%), TotalEnergies (20.83%) and operated by Santos Toga Pty. The field produced 296.68mmcfd in 2022 and recovered 62.17% of its total recoverable natural gas reserves, with peak production in 2017. The peak production was approximately at 465.24mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 1.81% of the total Oceania daily natural gas output and it is expected to recover 839bcf of natural gas. Buy the profile here.
9. Daandine
Daandine is located in Queensland, Australia. This natural gas field is owned by China National Petroleum (50.00%), Shell (50.00%) and operated by Arrow Daandine Pty. The field produced 284.34mmcfd in 2022 and recovered 14.35% of its total recoverable natural gas reserves, with peak production in 2028. The peak production will be approximately at 670.23mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2049. The field currently accounts for approximately 1.74% of the total Oceania daily natural gas output and it is expected to recover 2,160bcf of natural gas. Buy the profile here.
10. Tipton West
Tipton West is located in Queensland, Australia. This natural gas field is owned by China National Petroleum (50.00%), Shell (50.00%) and operated by Arrow (Tipton) Pty. The field produced 284.34mmcfd in 2022 and recovered 13.58% of its total recoverable natural gas reserves, with peak production in 2028. The peak production will be approximately at 670.23mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2045. The field currently accounts for approximately 1.74% of the total Oceania daily natural gas output and it is expected to recover 2,126bcf of natural gas. Buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
