Kipper is a producing conventional gas 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, with water depth of 310 feet. Buy the profile here.
An expansion project is associated with the Kipper, namely the Bass Strait growth opportunities. This project is currently in the approval stage, expected to start in 2023.
Field participation details
The field is owned by Exxon Mobil, Mitsui and Woodside Energy Group.
Production from Kipper
The Kipper conventional gas field recovered 20.39% of its total recoverable reserves, with peak production expected in 2027. The peak production will approximately 4.98 thousand bpd of crude oil and condensate and 210.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2066. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 149.28 Mmboe, comprised of 34.03 Mmbbl of crude oil & condensate and 691.51 bcf of natural gas reserves. Kipper conventional gas field reserves accounts 0.05% 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.
For more details on the Kipper Conventional Gas Field, buy the profile here.