The total natural gas production of Oceania decreased by 5.38% in 2023 when compared with 2022. The largest gas producing countries in Oceania are Australia, Papua New Guinea, New Zealand. Through to 2030, annual gas production is forecasted to increase by a CAGR of 3%. 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 2023, Australia had the highest natural gas production, followed by Papua New Guinea and New Zealand. Here are the ten largest natural gas fields in Oceania by production in 2023, according to GlobalData’s Oil & Gas, Upstream Fields Database.
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1. Greater Gorgon/strong>
Greater Gorgon is located in Australia, Western 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 plc (25.00%), Tokyo Electric Power Co Holdings (0.22%), Tokyo Gas Co (1.00%) and operated by Chevron Australia. The field produced 2324.39mmcfd in 2023 and recovered 22.04% of its total recoverable natural gas reserves, with peak production in 2018. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2055. The field currently accounts for approximately 16.56% of the total Oceania daily natural gas output. Buy the profile here.
2. Ichthys LNG Project
Ichthys LNG Project is located in Australia, Western 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 978.53mmcfd in 2023 and recovered 12.83% of its total recoverable natural gas reserves, with peak production in 2026. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2080. The field currently accounts for approximately 6.97% of the total Oceania daily natural gas output. Buy the profile here.
3. Wheatstone & Iago
Wheatstone & Iago is located in Australia, Western 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. The field produced 1051.32mmcfd in 2023 and recovered 20.81% of its total recoverable natural gas reserves, with peak production in 2029. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 7.49% of the total Oceania daily natural gas output. Buy the profile here.
4. North West Shelf Venture
North West Shelf Venture is located in Australia, Western Australia. This natural gas field is owned by BP (16.66%), Chevron (16.67%), Mitsubishi (8.34%), Mitsui & Co (8.34%), Shell (16.67%), Woodside Energy Group (33.33%) and operated by Woodside Energy Group. The field produced 1654.33mmcfd in 2023 and recovered 76.33% of its total recoverable natural gas reserves, with peak production in 2020. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2060. The field currently accounts for approximately 11.79% of the total Oceania daily natural gas output. Buy the profile here.
5. PNG LNG project
PNG LNG project is located in Papua New Guinea, Southern Highlands. 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 Ltd (2.80%), Santos (42.50%) and operated by ExxonMobil PNG. The field produced 1044.25mmcfd in 2023 and recovered 36.59% of its total recoverable natural gas reserves, with peak production in 2020. The peak production was approximately at 1194.43mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 7.44% of the total Oceania daily natural gas output. Buy the profile here.
6. Daandine
Daandine is located in Australia, Queensland. This natural gas field is owned by China National Petroleum (50.00%), Shell (50.00%) and operated by Arrow Daandine. The field produced 29.46mmcfd in 2023 and recovered 5.57% of its total recoverable natural gas reserves, with peak production in 2030. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2065. The field currently accounts for approximately 0.21% of the total Oceania daily natural gas output. Buy the profile here.
7. Tipton West
Tipton West is located in Australia, Queensland. This natural gas field is owned by China National Petroleum (50.00%), Shell plc (50.00%) and operated by Arrow (Tipton). The field produced 142.17mmcfd in 2023 and recovered 9.31% of its total recoverable natural gas reserves, with peak production in 2030. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. The field currently accounts for approximately 1.01% of the total Oceania daily natural gas output. Buy the profile here.
8. Pluto LNG
Pluto LNG is located in Australia, Western Australia. This natural gas field is owned by The Kansai Electric Power C (5.00%), Tokyo Gas Co (5.00%), Woodside Energy Group (90.00%) and operated by Woodside Burrup. The field produced 699.38mmcfd in 2023 and recovered 62.92% of its total recoverable natural gas reserves, with peak production in 2022. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 4.98% of the total Oceania daily natural gas output. Buy the profile here.
9. Roma
DRoma is located in Australia, Queensland. This natural gas field is owned by Korea Gas Corp (15.00%), Petroliam Nasional Bhd (27.50%), Santos (30.00%), TotalEnergies SE (27.50%) and operated by Santos CSG. The field produced 190.12mmcfd in 2023 and recovered 20.05% of its total recoverable natural gas reserves, with peak production in 2022. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2074. The field currently accounts for approximately 1.35% of the total Oceania daily natural gas output Buy the profile here.
10. Julimar Brunello
Julimar Brunello is located in Australia, Western Australia. This natural gas field is owned by Kuwait Petroleum (35.00%), Woodside Energy Group (65.00%) and operated by Woodside Energy Julimar. The field produced 271.8mmcfd in 2023 and recovered 29.75% of its total recoverable natural gas reserves, with peak production in 2029. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. The field currently accounts for approximately 1.94% of the total Oceania daily natural gas output . 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.
