Bass Oil has secured a AU$3.5 million grant from the South Australian government to connect and bring on line the Kiwi gas field.
The grant was part of the South Australian government’s Gas Incentive Grant program aimed at boosting the state’s gas supplies. The grant is targeting projects that can be brought online by the end of 2028.
The funding provides cornerstone funding for the pipeline construction to connect the Kiwi gas field to the Cooper Basin infrastructure.
Bass is progressing options for the remainder of the project funding, including with interested parties interested in farm-in partnerships for the project.
Bass Managing Director Tino Guglielmo said: “This is a significant milestone in bringing Bass’ Kiwi gas project online and an important first step to opening a valuable new liquids rich, Triassic gas play in the northern Cooper Basin.
“Importantly, the grant validates the significance of this project and the Triassic play in the context of expanding gas resources in the Cooper Basin.”
The Kiwi-1 well has already demonstrated significant potential, having achieved commercial production rates of 4.1 million cubic feet per day of gas along with 988 barrels of condensate per day at a flowing wellhead pressure of 1585 psi.
The production test conducted in 2024 also confirmed that Kiwi held a higher value gas than usual in the Cooper Basin. Kiwi gas yielded amongst the highest Condensate to Gas Ratios (CGR) in the Basin and contained a particularly low carbon dioxide content.