Top ten natural gas-upcoming fields in Oceania

The total natural gas production of Oceania in 2022 was 5973.88bcf an increase of 3.95% when compared to 2021. The largest gas producing countries in Oceania are Australia, Papua New Guinea, New Zealand. Through to 2030, annual gas production is forecasted to increase by a CAGR of 0.5% to reach 6,224.23bcf. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil and gas fields segment. Buy the oil and gas fields profiles here.

Here are the 10 largest upcoming natural gas fields by reserves in Oceania, according to GlobalData’s Oil & Gas, Upstream Fields Database.

1. Browse

Browse is located in Western Australia, Australia. This natural gas field is owned by BP (17.33%), China National Petroleum (10.67%), Mitsubishi (7.20%), Mitsui & Co (7.20%), Shell (27.00%), Woodside Energy Group (30.60%) and operated by Woodside Browse Pty. Production from this field is expected to begin in 2028 and is forecasted to peak in 2030, approximately at the rate of 1,448.27mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2075. The project is expected to have recoverable reserves 12,871bcf of natural gas. Buy the profile here.

2. Scarborough

Scarborough is located in Western Australia, Australia. This natural gas field is owned by Woodside Energy Group (100.00%) and operated by Woodside Energy Group. Production from this field is expected to begin in 2026 and is forecasted to peak in 2026, approximately at the rate of 1,183.44mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2043. The project is expected to have recoverable reserves 7,668bcf of natural gas. Buy the profile here.

3. Elk-Antelope (Papua LNG)

Elk-Antelope (Papua LNG) is located in Gulf Province, Papua New Guinea. This natural gas field is owned by Exxon Mobil (28.70%), Kumul Petroleum Holdings (22.50%), Santos (17.70%), TotalEnergies (31.10%) and operated by Total E&P PNG. Production from this field is expected to begin in 2027 and is forecasted to peak in 2028, approximately at the rate of 1,105.04mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2059. The project is expected to have recoverable reserves 6,668bcf of natural gas. Buy the profile here.

4. Greater Sunrise

Greater Sunrise is located in Timor Sea Joint Petroleum Development Area, Timor Sea Joint Petroleum Development Area. This natural gas field is owned by Osaka Gas Co (10.00%), Timor Gap EP (56.56%), Woodside Energy Group (33.44%) and operated by Woodside Petroleum (Timor Sea 19) Pty. Production from this field is expected to begin in 2030 and is forecasted to peak in 2031, approximately at the rate of 657.5mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2067. The project is expected to have recoverable reserves 3,260bcf of natural gas. Buy the profile here.

5. Equus

Equus is located in Western Australia, Australia. This natural gas field is owned by Western Gas Corporation Pty (100.00%) and operated by Western Gas (70 R) Pty. Production from this field is expected to begin in 2027 and is forecasted to peak in 2028, approximately at the rate of 250mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2061. The project is expected to have recoverable reserves 1,916bcf of natural gas. Buy the profile here.

6. Crux

Crux is located in Ashmore and Cartier Islands, Australia. This natural gas field is owned by Osaka Gas Co (3.00%), Seven Group Holdings (15.00%), Shell (82.00%) and operated by Shell Development (Australia) Pty. Production from this field is expected to begin in 2027 and is forecasted to peak in 2033, approximately at the rate of 396.73mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The project is expected to have recoverable reserves 1,400bcf of natural gas. Buy the profile here.

7. West Erregulla

West Erregulla is located in Western Australia, Australia. This natural gas field is owned by Strike Energy (50.00%), Warrego Energy UK (50.00%) and operated by Strike West Pty. Production from this field is expected to begin in 2024 and is forecasted to peak in 2027, approximately at the rate of 278.6mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2047. The project is expected to have recoverable reserves 1,778bcf of natural gas. Buy the profile here.

8. Narrabri Gas Project

Narrabri Gas Project is located in New South Wales, Australia. This natural gas field is owned by Santos (100.00%) and operated by Santos NSW Hillgrove Pty. Production from this field is expected to begin in 2026 and is forecasted to peak in 2029, approximately at the rate of 142.17mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2062. The project is expected to have recoverable reserves 1,167bcf of natural gas. Buy the profile here.

9. Juniper

Juniper is located in South Australia, Australia. This natural gas field is owned by Red Sky Energy (20.00%), Santos (80.00%) and operated by Santos QNT Pty. Production from this field is expected to begin in 2024 and is forecasted to peak in 2035, approximately at the rate of 139.04mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2069. The project is expected to have recoverable reserves 1,127bcf of natural gas. Buy the profile here.

10. Glenaras

Glenaras is located in Queensland, Australia. This natural gas field is owned by Galilee Energy (100.00%) and operated by Capricorn Energy. Production from this field is expected to begin in 2023 and is forecasted to peak in 2026, approximately at the rate of 263.25mmcfd of natural gas. Based on GlobalData estimates, production will continue until the field reaches its economic limit in 2052. The project is expected to have recoverable reserves 876bcf of natural gas. Buy the profile here.

For more details on the upstream fields, buy the profiles here.