The Australian company Woodside Energy will take over operatorship of the Bass Strait oil and gas assets in Australia from ExxonMobil. The company will assume operatorship of the offshore Bass Strait production assets, the Longford Gas Plant, the Long Island Point gas liquids processing facility and associated pipeline infrastructure. ExxonMobil had previously been the operator of these assets; however, the operatorship change will not affect the companies' equity interests or existing decommissioning plans and provisions. The agreement provides flexibility for Woodside to explore four potential development wells that could deliver up to 200 PJ (5.6 bcm) of sales gas to the market.
The Bass Strait is the largest source of gas for the eastern Australian domestic market. The Bass Strait portfolio includes the Gippsland Basin and the Kipper Unit joint ventures. Woodside and ExxonMobil each hold a 50% stake in the Gippsland Basin, while they own 32.5% each in the Kipper Unit.
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