AUST online today: Exxon and Woodside in $350m drilling tie-up to avert predicted east coast gas shortfall
‘…The joint venture’s Longford gas processing facility had planned to shut one of two gas producing units in 2029 before the final one closes in 2033.
But in a boost to regional production, Exxon and Woodside have approved the drilling of five wells in the Turrum and North Turrum gas fields within the Bass Strait that will come online by 2027. This means Longford could remain open until at least 2033.
Exxon – the operator of the facility – has not publicly declared the quantities of gas it expects to produce, but it confirmed Longford will now run into the next decade.
An Exxon spokesman said the expansion will ensure the Bass Strait continues to be the dominant supplier of gas to the east coast for the rest of its lifetime.
“Turrum Phase 3 will be one of the largest gas developments on the east coast this decade and continues [Exxon-owned] Esso Australia’s long and proud history of reliably supplying gas to the domestic market for over 50 years,” the spokesman said.……
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