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November 25, 2021updated 27 Apr 2022 12:25pm

Kipper Conventional Gas Field, Australia

By Carmen

Kipper is a producing conventional gas field located in shallow water in Australia and is operated by Esso Australia Resources. The field is located in block VIC/L25, with water depth of 310 feet.

An expansion project is associated with the Kipper, namely Bass Strait growth opportunities. This project is currently in the feasibility stage, expected to start in 2027.

Field participation details

The field is owned by BHP, Exxon Mobil and Mitsui.


Production from Kipper

The Kipper conventional gas field recovered 22.17% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 1.61 thousand bpd of crude oil and condensate and 78 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057.


Remaining recoverable reserves

The field is expected to recover 83.28 Mmboe, comprised of 10.47 Mmbbl of crude oil & condensate and 436.84 bcf of natural gas reserves. Kipper conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.


About Esso Australia Resources

Esso Australia Resources Pty Ltd (Esso Australia) is an oil and gas exploration company. The company provides oil and gas exploration, development, and production services. It operates in the exploration and production of oil and gas, petroleum refining and supply of fuels including natural gas. It also develops projects such as the Kipper, Tuna and Turrum oil and gas reservoirs. The company has oil and gas exploration operations throughout the country. The company operates as a subsidiary of Exxonmobil Australia Pty Ltd. Esso Australia is headquartered in Melbourne, 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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