Gippsland is a producing conventional oil field located in shallow water in Australia and is operated by Esso Australia Resources. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block VIC/L25, VIC/L13, VIC/L4, VIC/L5, VIC/L14, VIC/L3, VIC/L7, VIC/L10, VIC/L9, VIC/L20, VIC/L8, VIC/L11, VIC/L19, VIC/L17, VIC/L15, VIC/L1, VIC/L18, VIC/L16, and VIC/L2, with water depth of 295 feet. Buy the profile here.
An expansion project is associated with the Gippsland, namely the Bass Strait Development. This project is currently in the approval stage.
Field participation details
The field is owned by Exxon Mobil and Woodside Energy Group.
Production from Gippsland
The Gippsland conventional oil field recovered 92.19% of its total recoverable reserves, with peak production in 1985. Based on economic assumptions, production will continue until the field reaches its economic limit in 2044. The field currently accounts for approximately 5% of the country’s daily output.
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.
For more details on the Gippsland Conventional Oil Field, buy the profile here.