News // Off-shore drilling
ExxonMobil makes final investment decision to develop West Barracouta gas project in Australia
13 December 2018 , 15:30Neftegaz.RU427
Canberra, December 13 - Neftegaz.RU. ExxonMobil has made a final investment decision to develop the West Barracouta gas field in Bass Strait to bring new gas supplies to the Australian domestic market.
ExxonMobil reported this on December 12, 2018.
The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin.
The company recently completed front-end engineering design work for the project, which is part of the Esso-BHP Gippsland Basin Joint Venture, and awarded contracts to Subsea 7 and OneSubsea, a Schlumberger company.
The project will be tied back to the existing Barracouta infrastructure offshore in Bass Strait, the first offshore field ever 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 realized,” said Neil W. Duffin, president of ExxonMobil Production Company.
“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 percent of east coast Australian domestic gas demand.
The new project builds on more than $4 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.
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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