The total oil and gas production of Oceania increased by 2.56% during 2021-2022. The largest oil and gas producing countries are Australia, Papua New Guinea, New Zealand. Through to 2030 annual oil and gas production is forecasted to decrease by a CAGR of 5.19%. 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 oil and gas production, followed by Papua New Guinea and New Zealand. Here are the 10 largest oil and gas producing 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 field is owned by BP, Chevron, Mitsubishi, Mitsui & Co, Shell, Woodside Energy Group and operated by Woodside Energy Group. The field produced 0.58mmboed in 2022 and recovered 86.79% of its total recoverable reserves, with peak production in 2022. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. Buy the profile here.
2. Greater Gorgon
Greater Gorgon is located in Western Australia, Australia. This field is owned by Chevron, Chubu Electric Power Co, Exxon Mobil, Osaka Gas Co, Shell, Tokyo Electric Power Co Holdings, Tokyo Gas Co and operated by Chevron Australia Pty. The field produced 0.41mmboed in 2022 and recovered 19.06% of its total recoverable reserves, with peak production in 2018. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2053. Buy the profile here.
3. Ichthys LNG Project
Ichthys LNG Project is located in Western Australia, Australia. This field is owned by Chubu Electric Power Co, CPC, Inpex, Osaka Gas Co, The Kansai Electric Power Co, Toho Gas Co, Tokyo Electric Power Co Holdings, Tokyo Gas Co, TotalEnergies, and operated by Inpex Ichthys Pty. The field produced 0.3mmboed in 2022 and recovered 15.42% of its total recoverable reserves, with peak production in 2041. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2081. Buy the profile here.
4. Wheatstone & Iago
Wheatstone & Iago is located in Western Australia, Australia. This field is owned by Chevron, Chubu Electric Power Co, Japan Oil, Gas and Metals National, Kuwait Petroleum, Kyushu Electric Power Co, Mitsubishi, Nippon Yusen Kabushiki Kaisha, Tokyo Electric Power Co Holdings and operated by Chevron Australia Pty. The field produced 0.21mmboed in 2022 and recovered 18.26% of its total recoverable reserves, with peak production in 2029. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. Buy the profile here.
5. PNG LNG project
PNG LNG project is located in Southern Highlands, Papua New Guinea. This field is owned by Exxon Mobil, JX Nippon Oil & Gas Exploration, Kumul Petroleum Holdings, Mineral Resources Development Co, Santos and operated by ExxonMobil PNG. The field produced 0.2mmboed in 2022 and recovered 33.21% of its total recoverable reserves, with peak production in 2020. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2055. Buy the profile here.
6. Gippsland
Gippsland is located in Victoria, Australia. This field is owned by Exxon Mobil, Woodside Energy Group and operated by Esso Australia Resources Pty. The field produced 0.17mmboed in 2022 and recovered 90.35% of its total recoverable 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.
7. Pluto LNG
Pluto LNG is located in Western Australia, Australia. This field is owned by The Kansai Electric Power Co, Tokyo Gas Co, Woodside Energy Group and operated by Woodside Burrup Pty. The field produced 0.15mmboed in 2022 and recovered 35.53% of its total recoverable reserves, with peak production in 2031. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. Buy the profile here.
8. Prelude
Prelude is located in Western Australia, Australia. This field is owned by CPC, Inpex, Korea Gas, Shell and operated by Shell Australia Pty. The field produced 0.11mmboed in 2022 and recovered 31.77% of its total recoverable reserves, with peak production in 2022. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2039. Buy the profile here.
9. Julimar Brunello
Julimar Brunello is located in Western Australia, Australia. This field is owned by Kuwait Petroleum, Woodside Energy Group and operated by Woodside Energy Julimar Pty. The field produced 0.05mmboed in 2022 and recovered 24.5% of its total recoverable reserves, with peak production in 2029. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2042. Buy the profile here.
10. Fairview
Fairview is located in Queensland, Australia. This field is owned by Korea Gas, Petroliam Nasional, Santos, TotalEnergies and operated by Santos Toga Pty. The field produced 0.05mmboed in 2022 and recovered 62.16% of its total recoverable reserves, with peak production in 2017. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067. Buy the profile here.
For more details on the upstream fields, buy the profiles 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.
