The $350 million investment by ExxonMobil and Woodside Energy is primarily focused on expanding gas production in Australia's Gippsland Basin. This includes the Kipper 1B Project, which involves drilling a new subsea well and upgrading the West Tuna platform. The project aims to enhance gas supply for Australia's domestic market, addressing potential energy shortages and supporting the transition to a lower-carbon future
The Gippsland Basin is a key region for natural gas production, and this investment underscores its strategic importance. The project is expected to sustain gas production well into the 2030s, ensuring energy security and reliability for Australian homes and businesses
The $350 million investment by ExxonMobil and Woodside Energy is...
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