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November 17, 2021

Geographe Thylacine Conventional Gas Field, Australia

By Carmen

Geographe Thylacine is a producing conventional gas field located in shallow water in Australia and is operated by Beach Energy. The field is located in block T/30P, VIC/P43, VIC/L23, T/L3, and T/L2, with water depth of 331 feet.

Two expansion projects are associated with the Geographe Thylacine conventional gas field, namely Thylacine Development and Geographe Development. The expansion projects are currently in the feasibility stage, targeting start-up during 2022 – 2023.

Field participation details

The field is owned by Beach Energy and O.G. Energy Holdings.

 

 

Production from Geographe Thylacine

The Geographe Thylacine conventional gas field recovered 57.71% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 1.71 thousand bpd of crude oil and condensate, 142 Mmcfd of natural gas and 2.55 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 1% of the country’s daily output.

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Remaining recoverable reserves

The field is expected to recover 69.03 Mmboe, comprised of 4.85 Mmbbl of crude oil & condensate, 374.65 bcf of natural gas reserves and 1.74 Mmbbl of natural gas liquid reserves. Geographe Thylacine conventional gas field reserves accounts 0.02% of total remaining reserves of producing conventional gas fields globally.

 

 

Contractors involved in the Geographe Thylacine conventional gas field

Some of the key contractors involved in the Geographe Thylacine project as follows.

EPC Contractors: DOF

Other Contractors: Aker Solutions, Diamond Offshore General and DOF

About Beach Energy

Beach Energy Ltd (Beach) is an independent upstream oil and gas company. It carries out the exploration, development, production, processing and transportation of crude oil and natural gas. The company has operated and non-operated, onshore and offshore, oil and gas production from five producing basins across Australia and New Zealand. Beach’s asset portfolio includes ownership interests in oil and gas infrastructure, including the Moomba processing facility and Otway Gas plant and a suite of high potential exploration prospects. The company’s producing assets include Cooper, offshore Otway and Bass basins. It also has permits in the onshore Otway, Bonaparte, Browse, Taranaki and the Canterbury basins. Beach is headquartered in Adelaide, South Australia, Australia.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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