Bass Oil concludes purchase of Vanessa gas field in Cooper Basin
Key takeaways
- Bass Oil concludes purchase of Vanessa gas field in Cooper Basin.
- The deal covers a 100% interest in PPL 268 and PRL 135, which comprise the Vanessa field, marking the last step before ownership is transferred to the Australian-listed company.
- The acquisition includes rights to a gas production well that is currently shut-in, a gas processing facility and a 5km pipeline that connects to the existing Cooper Basin transmission network.
Bass Oil concludes purchase of Vanessa gas field in Cooper Basin. The acquisition includes a shut-in gas production well · Offshore Technology Salong Debbarma Wed, June 17, 2026 at 9:18 PM GMT+7 2 min read BAS.AX NG=F Bass Oil has finalised the acquisition of the Vanessa gas field in the Cooper Basin, South Australia, from Beach Energy after receiving regulatory approval from the South Australian Department of Energy & Mining.
The deal covers a 100% interest in PPL 268 and PRL 135, which comprise the Vanessa field, marking the last step before ownership is transferred to the Australian-listed company.
The acquisition includes rights to a gas production well that is currently shut-in, a gas processing facility and a 5km pipeline that connects to the existing Cooper Basin transmission network. It was announced in May 2026.