📋 Tender Overview
Scope :
Exxon and BHP to boost production at Australian offshore gas field. The Gippsland Basin Kipper field is expected produce an additional 200PJ of gas during next five years. Exxon Mobil and BHP Group have made a final investment decision to increase output from their Gippsland Basin Kipper field, offshore southeast Australia. The project is expected to help address the gas shortage in the Australian domestic market. The companies will invest approximately $291m (A$400m) to extract an additional 200 petajoules (PJ) of gas, over the next five years.
The Gippsland Basin Kipper field, which is operated by the Gippsland Basin Joint Venture (JV), is expected to produce approximately 30 petajoules in 2023.
Esso Australia, a subsidiary of ExxonMobil, operates the JV with a 50% stake while global miner BHP, through its unit BHP Petroleum (Bass Strait), owns the remaining stake. Our ongoing investment and commitment to supplying Australian customers means that the Gippsland basin remains the largest single source of natural gas for Australia’s east coast.
