Woodside will be operator of Bass Strait assets in Western Australia after signing an agreement with ExxonMobil Australia.
Woodside will assume operatorship of the offshore Bass Strait production assets, the Longford gas plant, the Long Island Point gas liquids processing plant, and associated pipeline infrastructure, the company said in a release July 29. Woodside and ExxonMobil’s equity interests in the assets and current decommissioning plans and provisions remain unchanged.
Woodside said it has identified four potential development wells that could deliver up to 200 petajoules of sales gas to the market. Under the agreement, Woodside can solely develop these opportunities through the Bass Strait infrastructure subject to further technical maturation and a final investment decision. This potential production has been identified from within the existing contingent resource opportunity set, Woodside said.
The Bass Strait project consists of conventional oil and gas fields in Gippsland basin off the south east coast of Victoria, Australia. It project consists of an integrated network of offshore platforms and subsea tie-backs connected via pipeline to onshore processing infrastructure at Longford and Long Island Point. Natural gas production from the Bass Strait assets is 100% dedicated to the Australian domestic market and currently supplies about 40% of Australian east coast domestic gas demand.
Bass Strait assets include the Gippsland Basin Joint Venture (GBJV) and the Kipper Unit Joint Venture (KUJV). Woodside and ExxonMobil Australia each hold 50% participating interest in the GBJV and 32.5% participating interest in the KUJV.
