Origin Energy, holds significant producing assets; operates onshore processing facilities; and holds a portfolio of onshore and offshore exploration permits
Origin holds significant producing assets; operates onshore processing facilities; and holds a portfolio of onshore and offshore exploration permits.
Origin's current 2P (proved plus probable) reserves have been estimated at 5770 PJe . Approximately 90% of Origin Energy's 2P reserves are natural gas, of which about 8% are located in the South Australian and south west Queensland portions of the Cooper Basin. Another 56% of its natural gas reserves are source from the central Queensland coal seam gas fields. Coal seam gas now represents 71% of our 2P reserves.
Originís exploration strategy is to add gas reserves which can access existing infrastructure and local markets. Our exploration portfolio includes offshore and onshore acreage in the Otway and Perth basin, the offshore Bonaparte Bass Basins and the onshore Cooper/ Eromanga and Surat and Bowen Basin in Australia and in the Taranaki, Northland and Canterbury Basins of New Zealand.
Origin Energy has a portfolio and major development projects which are developing oil and gas resources in Australia and New Zealand.
Origin Energy Company Tags: Origin Energy Milton, Australia, Exploration, Production