Exploration & Production

Exxon seeks to protect interests in eastern Australia

Exxon is boosting its investment in eastern Australia and considering an LNG terminal as it seeks to protect its market share Exxon is boosting its investment in eastern Australia and considering an LNG terminal as it seeks to protect its market share.
By Sally Bogle 10 September 2018 0 32471
A platform in the Kipper Tuna Turrum project. (ExxonMobil Australia)

ExxonMobil is stepping up plans to protect its dominant share in eastern Australia’s gas market, where a tightening supply outlook and rising prices are rapidly attracting new entrants

Exxon’s work programme includes reinvesting in gas assets in the Bass Strait and identifying and bringing onstream new reserves in deeper waters in the Gippsland Basin, while also mulling the viability of importing small volumes of LNG.

Despite ongoing uncertainty around federal energy policy, eastern Australia is widely seen as a high-value, low-risk...