Woodside Takes Over Oil and Gas Assets from Exxon ...Middle East

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Woodside Takes Over Oil and Gas Assets from Exxon
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Australia’s energy major Woodside has taken over the operatorship of the Bass Strait oil and gas assets that were previously operated by Exxon. The two have a 50:50 partnership in the portfolio, which includes production and processing operations. The change in operatorship will result in synergy savings of over $60 million, Woodside said. The company added it plans to boost natural gas production from the assets, to deliver it to its domestic market. Additional gas supplies to the domestic Australian market are fast becoming critical, after…

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