Exxon Mobil's Bass Straight 2.0

From today's Australian- news on major new investment in Bass Straight gas production.

"ExxonMobil has flagged a major phase of new investment in the big offshore Victorian gasfields it owns with BHP Billiton, saying that completion of the $5.5 billion Kipper Tuna Turrum project paves the way for “Bass Strait 2.0” amid surging domestic gas demand.

New investment would help Bass Strait’s Longford plant — the nation’s biggest domestic gas supplier, which can produce at about the same level as each of Queensland’s three export plants — maintain production, and potentially marginally increase it."

http://www.theaustralian.com.au/bus...s/news-story/448a994a1f23509926a51cb51f8f9479

When Aconex and Exxon Mobil signed a landmark enterprise agreement in April, 2016, the Aconex CEO commented:

“We are pleased with this opportunity to partner with ExxonMobil at the enterprise level and serve their global project network,” Mr Jasper said.

“We have helped them deliver large, complex projects in multiple regions over the years, and now we look forward to supporting standardisation and process optimisation across their engineering and construction portfolio.

“This is a strategic win with significant implications for us in the oil and gas industry.”

http://www.theaustralian.com.au/bus...l/news-story/c94facf9a6def2dab20bcc8685f3083e

Looks like the partnership is about to take off again in Australia.



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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.