ExxonMobil Makes FID on West Barracouta Gas Project

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.

The project, located in the VIC/L1 block offshore Victoria, is a 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 in Bass Strait, 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 has 50 years of experience in Bass Strait,” said Richard Owen, chairman ExxonMobil Australia. “Since the first Bass Strait well was drilled in 1965, about four billion barrels of crude oil and eight trillion cubic feet of natural gas have been produced.”

ExxonMobil subsidiary Esso Australia operates the Gippsland Basin joint venture on behalf of a 50-50 joint venture with BHP Billiton Petroleum (Bass Strait).