Original article by Matt Chambers
The Australian – Page: 17 & 20 : 7-Aug-17
A deal for ExxonMobil to acquire the Dory gas field in Bass Strait could provide greater certainty of future energy supply to Australia’s east coast. US-based Liberty Petroleum recently sold the undeveloped gas field to ExxonMobil for an undisclosed price, which is believed to include a royalty agreement. Drilling work undertake by Liberty to date suggests that Dory could potentially yield up to 2.2 trillion cubic feet of gas. It is believed that ExxonMobil’s Bass Strait joint venture partner BHP Billiton has an option to acquire an interest in Dory.
CORPORATES
EXXONMOBIL CORPORATION, BHP BILLITON LIMITED – ASX BHP, LIBERTY PETROLEUM, APACHE ENERGY LIMITED, WOODSIDE PETROLEUM LIMITED – ASX WPL, 3D OIL LIMITED – ASX TDOCA