Exxon Invests in New Natural Gas Project Offshore Australia ...Middle East

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Exxon Invests in New Natural Gas Project Offshore Australia
ExxonMobil and its partners in the Gippsland Basin offshore southeastern Australia are investing nearly $200 million in the development of a new natural gas project that would help meet Australia’s domestic demand. Exxon’s unit Esso Australia Resources Pty Ltd and its co-venturers Mitsui and Woodside Energy have approved the Kipper 1B Project to bring online much-needed additional gas supply from the Gippsland Basin, the U.S. supermajor said on Monday. The project will involve the drilling and installation of one subsea well into the…

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