ExxonMobil is planning a A$400 million (US$292 million) investment for boosting gas production from the offshore Kipper and Turrum fields in south-east Australia.

About 30 petajoules (28.2 billion cubic feet) of gas will come online in 2023, and provide “critical gas supplies to help avert winter supply risks forecast for Australia’s southern states”, the US supermajor stated.

The combined efforts at Kipper and Turrum — both of which are already producing fields in the Gippsland basin — could deliver an additional 200 petajoules (189 Bcf) of gas over the next five years.

No specifics were provided on the type of field development activities that will take place. ExxonMobil and BHP are 50:50 joint-venture partners.

ExxonMobil Australia chair Dylan Pugh, said the company continues to invest to deliver reliable and affordable Gippsland basin gas to Australian homes and businesses, supporting local jobs and the Australian economy.

“Natural gas has an increasingly important role in meeting demand for cleaner fuel, lowering GHG emissions in the power sector and supporting higher penetration of renewables by maintaining reliability, resilience and stability of the grid,” Pugh said.

“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.

“There is still plenty of gas remaining in Bass Strait and we are working hard to unlock its full value. More investment will be required for Victoria to maintain its reliable supply of natural gas, especially during winter.”

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