The Project
The Project will commercialise gas from the Yolla gas field in Bass Strait and will meet about 10% of Victoria’s current demand for 15 years.
Joint Venture
Origin Energy is the operator of the BassGas Project, which is a Joint Venture between:
| Origin Energy Limited | 42.50% |
| AWE Limited | 46.25% |
| Toyota Tsusho Gas E&P Trefoil Pty Ltd | 11.25% |
CalEnergy Gas (Australia) Limited divested its 15% holding in BassGas to AWE Petroleum in 2010.
Looking to the future
With demand for gas in south east Australia set to continue increasing, work is under way to extend the life of the BassGas Project.
The Mid-Life Enhancement Development Stage 1 funding has been formally approved by the BassGas Joint Venture, which enables the project to maintain progress for an offshore construction campaign in the summer of 2011/12. Stage 2 drilling studies for the Yolla 5 and 6 development wells continue with the conceptual/analysis work remaining on schedule.
