Bass Strait: Long history, bright future

In 2009 we proudly celebrate 40 years of oil and gas production from our Bass Strait operations.  Since the first well was drilled in Bass Strait, almost 4 billion barrels of crude oil and 7 trillion cubic feet of natural gas have been produced.  The discoveries in Bass Strait led to significant changes to Australia’s industry and economy.

Since 1969, our Gippsland operations have produced nearly 63 percent of Australia’s cumulative oil production and almost 30 percent of Australia’s gas production. Our activities over that time have generated approximately 50,000 additional jobs in Victoria, with 14,000 of those in Gippsland. In addition we have fuelled economic development by contributing over $200 billion to national GDP and about $700 billion to Victoria’s economy over the years.