ExxonMobil Australia announced that its subsidiary, Esso Australia Resources Pty Ltd, along with BHP Billiton Petroleum (Bass Strait) Pty Ltd, has executed a long-term agreement for the sale of gas to Orica Limited.
The agreement will supply up to 42 petajoules of gas from the Gippsland Basin over a three-year period starting in 2017.
“With the execution of this agreement, the Gippsland joint venture continues to demonstrate that it is playing an important role in meeting gas supply requirements of large industrial and wholesale customers on the east coast,” said Kerrie-Anne Lanigan, ExxonMobil Australia’s Director of Gas Marketing.
The startup of the $4.5 billion Kipper Tuna Turrum project, the largest domestic oil and gas development on the eastern seaboard, will help maintain current gas production levels from Bass Strait, which have provided Australia with a reliable supply of energy for more than 40 years.
“Over the past four decades ExxonMobil has consistently discovered and brought to market oil and gas from the Bass Strait. With the right investment conditions, we will continue to be a major energy supplier to the east coast for years to come,” said Richard Owen, Chairman of the ExxonMobil Australia Group of Companies.
Press Release, November 15, 2013