Original article by Matt Chambers
The Australian – Page: 19 & 26 : 15-Jun-16

Oil output in Bass Strait has fallen to around 40,000 barrels a day, compared with 500,000 a day when production was at its peak. ExxonMobil is believed to be seeking to offload a number of production licences in Bass Strait, which has yielded more than four billion barrels of oil for the group since it established a joint venture with BHP Billiton in the 1960s. The Bass Strait oilfields’ reserves are rapidly being exhausted, although the region holds considerable gas reserves.

CORPORATES
EXXONMOBIL CORPORATION, BHP BILLITON LIMITED – ASX BHP, SCHLUMBERGER LIMITED, CITIGROUP PTY LTD