changing role for bass strait - australian institute of · pdf filethis material is not to be...

This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ materially due to changes in technology, the development of new supply sources, political events, demographic changes, and other factors discussed herein (and in Item 1 of ExxonMobil’s latest report on Form 10-K). This material is not to be reproduced without the permission of Exxon Mobil Corporation.

Changing Role for

Bass Strait

Geoff HumphreysOperations Technical, Surface,

Manager

ExxonMobil Australia

2

Pioneering Oil & Gas Operations

• Bass Strait has provided energy we rely on for over 4 decades.

•4 billion barrels of crude oil

•Two thirds of Australia’s oil

•7 tcf of natural gas

•One third of Australia’s gas

• It also put Australia on the map for global oil and gas industry investors.

3

GDP in Billions of US dollars 2005

KBOD MCFD

YEAR

0

100

200

300

400

500

1960 1970 1980 1990 2000 2010

0

200

400

600

800Gippsland Basin: First 40 Years

800

600

400

200

$B

GDP

GASOIL

Melbourne - 1968 Melbourne - 1973 Melbourne - 2006

Melbourne –

1985

4

Gippsland Development Phases

1965 1970 1980 1990 2000 2010

Australia’s 1st Offshore Well Drilled Discovered Barracouta Gas Field

Kingfish discovered (Australia’s Largest Oil field)

BarracoutaMarlin

Halibut

Tuna

Snapper

Mackerel

West Kingfish

CobiaFortescue

Flounder

Bream

Kingfish A

Whiting

Perch/Dolphin MonopodsSeahorse/TarwhineSubsea

Bream B GBSWest Tuna GBS

BlackbackSubsea

Kipper SubseaMarlin B (Turrum)

GAS

OIL

OIL & GAS

5

Gippsland Basin Facilities

6

Gippsland Exploration

• Growth in demand drives need for new discoveries

• Enhanced technology aiding our understanding of potential drillwell opportunities

• Developments ultimately dependent on commercial viability

7

Kipper Tuna Turrum Project

8

Kipper Tuna Turrum Project

9

Kipper Tuna Turrum Project

10

Long history, bright future