The ongoing transformational journey of Australia’s oldest and largest oil and gas operation

Abstract

For over 50 years Gippsland Basin Joint Venture (GBJV) has been producing oil and gas from the Gippsland Basin. Through hard work, challenging the status quo and innovation, the business, the operation and the people have been on a transformational journey. You may have heard about our conventional expansion opportunities, Kipper-Tuna-Turrum development and Longford Gas Conditioning Plant, but have you heard about how GBJV is progressing carbon dioxide (CO2) to sales with BOC and Air Liquide or how the team has reduced flare by 46% since 2018? Have you heard how the team increased Longford’s capacity by 11% in 2022 to deliver the highest gas production since 2017 to meet market demand. Or about how we are transforming the operation through our Gippsland Asset Streamlining Project, where we will no longer have a Crude Stabilisation Plant or a Gas Plant 1 at Longford? We continue to focus on our reliable gas operation through upcoming projects such as Hastings Generation Project, and Kipper Compression Project while also pursuing meaningful reductions in greenhouse gas emissions such as South East Australia Carbon Capture and Storage Project in the Gippsland Basin. Our transformation to a ‘Modern Australian Gas Business’ has not only meant change for our facilities but also change for our people in how we work and the culture we have built. Every day, our teams work to supply essential energy to Australian homes and businesses while also being on a transformational journey to improve the sustainability of our operation and contribute to the energy transition.