Portfolio overview

Portfolio location

Portfolio location Gorgon Ichthys Crux Sunrise Evans Shoal PNG Western Province Qalhat

Country Project Area Type Stage Share Acquired
Australia/
Timor-Leste
Sunrise Timor Sea Upstream(Gas) Concept Screening 10% 2000
Australia Evans Shoal Timor sea Upstream(Gas) Appraisal & Concept Screening 10% 2000
Australia Crux Browse Basin Upstream(Gas) Appraisal & Concept Screening 3% 2007
Australia Gorgon Carnarvon Basin Upstream(LNG) Operation 1.25% 2009
Australia Ichthys Browse Basin Upstream(LNG) Operation*
(*: scheduled in 2018)
1.20% 2011
PNG Western Province Western Province of PNG Upstream(Condensate and gas development) concept evaluation 10-20% 10-20% 2013
Oman Qalhat LNG Qalhat Liquefaction & LNG sales Operation 3% 2006

Sunrise

The Greater Sunrise field is located approximately 450 km north-west of Darwin. Osaka Gas Australia Pty Ltd holds a 10% participating interest in the Greater Sunrise fields. The new Maritime Boundaries Treaty was signed by Australia and Timor-Leste in March 2018 and the entry into force of the Treaty will establish a new framework for the development of the Greater Sunrise fields.

Evans Shoal

The Evans Shoal field is located approximately 300 km north-west of Darwin. The joint venture will conduct further studies in order to determine the optimal development options for the field. Osaka Gas Australia Pty Ltd holds a 10% participating interest in Evans Shoal.

Crux

The Crux field is a gas field, rich in high quality condensate, located in the Browse Basin, offshore of Western Australia. Following consolidation of the gas and liquids interests in 2012, Osaka Gas Australia Pty Ltd holds a 3% interest in the Crux licence area. Crux joint venture partners are progressing studies to develop the field as the primary source of backfill gas supply to the Prelude FLNG (Floating LNG) facility.

Gorgon

Natural gas produced at Gorgon and Jansz-Io gas fields located between 130 and 200 kilometres offshore in Western Australia is liquefied at the Gorgon LNG plant on Barrow Island. The three trains of the liquefaction plant have an annual output capacity of 15.6 million tonnes of LNG. Gas production commenced in 2016. Osaka Gas Australia Pty Ltd holds a 1.25% interest in the Gorgon project.

Ichthys

Natural gas and condensate will be produced at Ichthys gas field located offshore in Western Australia. Condensate will be loaded offshore into tankers and gas will be transported through the pipeline to Darwin for processing and liquefaction in to LNG. The project, having the total annual LNG output of 8.4 million tons, is scheduled to commence production in 2018. Osaka Gas Australia Pty Ltd owns a 1.2% interest in the project.

PNG Western Province

Osaka Gas Australia Pty Ltd has participated in 3 licenses (PDL 10, PRL 21 and PPL 574) located in Western Province of Papua New Guinea. PDL 10 and PRL 21 have established a joint working team (JWT) with the aim of pursuing the aggregation of undeveloped resources and are generating viable development concepts. PPL 574 stands at an exploration stage.

Qalhat

Qalhat LNG, a company incorporated in Muscat, Oman, is the promoter of the second LNG project in Oman. With a production capacity of 3.3 million tons of LNG per annum, the company has shipped LNG since December 2005. Osaka Gas Australia Pty Ltd owns a 3% interest in the project.