The Gippsland Basin Province 3930, located on the southeastern coast of Australia, is formed from two successive failed rifts that developed into a passive margin during the Cretaceous. Formation of this basin is related to the break up of Gondwana, which resulted in the separation of Antarctica from Australia, and the separation of the New Zealand and Lord Howe Rise continental crust from Australia. Coals and coaly shales of Late Cretaceous through Eocene age are the source rocks for oil and gas that accumulated predominantly in anticlinal traps. The basin was Australia’s major producing basin until 1996 when daily oil/condensate production from the North West Shelf surpassed it.