ExxonMobil to develop West Barracouta gas project in Australia
16 Jan 2019
ExxonMobil is developing the West Barracouta gas field off Victoria’s Bass Strait to bring new gas supplies to Australia’s domestic market.
The project will be tied back to the existing Barracouta infrastructure offshore in Bass Strait, the first offshore field discovered in Australia.
‘We continue to use advanced technology, along with our extensive, decades-long understanding of the Gippsland Basin, to ensure full potential of the resource can be realised,’ says Richard Owen, Chairman, ExxonMobil Australia in a media release.
‘Our objective is to produce West Barracouta gas for the Australian domestic gas market by 2021.’
The Gippsland Basin Joint Venture continues to supply about 40% of east coast Australian domestic gas demand.
The project builds on more than A$5.5 billion invested by the Gippsland Basin Joint Venture in other recent projects in Victoria to supply Australian domestic gas demand, including the Kipper Tuna Turrum offshore project and the Longford Gas Conditioning Plant.
‘The Gippsland Basin Joint Venture has 50 years of experience in Bass Strait,’ adds Owen. ‘Since the first Bass Strait well was drilled in 1965, about four billion barrels of crude oil and eight trillion cubic feet of natural gas have been produced.’
US-founded ExxonMobil is the world’s largest publicly traded oil and gas company. The ExxonMobil Australia group has been operating in Australia since 1895. ExxonMobil subsidiary Esso Australia Pty Ltd operates the Gippsland Basin Joint Venture on behalf of a 50-50 joint venture with BHP Billiton Petroleum (Bass Strait) Pty Ltd.
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