Exxon Mobil Targets 30 More Years Production At Bass Strait
August 16 2009 - 10:10PM
Dow Jones News
Exxon Mobil Corp. (XOM) Monday said it is targeting another 30
years minimum of oil and gas production from the Bass Strait
offshore Victoria state.
Exxon Mobil said that it plans to bring two more fields online
in the area and that it will build a new platform to develop the
Turrum field.
The U.S-based oil major said its Gippsland joint venture with
BHP Billiton Ltd. (BHP.AU) is aiming to produce another 1.6
trillion cubic feet of gas and 140 million barrels of oil and gas
liquids from the Kipper-Tuna and Turrum projects.
"These projects represent an investment of almost A$3 billion
and will be one of the mainstays of Bass Strait production into the
future," Exxon Mobil Australia Chairman John Dashwood said in
speech notes for a lunch in Melbourne.
-By Ross Kelly, Dow Jones Newswires; 61-2-8235-2957;
ross.kelly@dowjones.com