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