Exxon Invests in Another Project to Boost Australia’s Natural Gas Production ...Middle East

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Exxon Invests in Another Project to Boost Australia’s Natural Gas Production
source : OILPRICE ( Middle East ) () 144
A joint venture of ExxonMobil and Woodside Energy has approved a $222-million project to drill new wells and boost natural gas production from fields in the Gippsland Basin offshore southeastern Australia. The 50/50 joint venture has taken the final investment decision to invest US$222 million (AUS$350 million) in the development of Turrum Phase 3, a project that will see the drilling of five new wells in the Turrum and Turrum North gas fields, Exxon’s Australian unit said on Monday in a statement carried by Reuters. “While depletion…

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