Exxon’s $120m Bass Strait bet fails to deliver gas

Original article by Matt Chambers
The Australian – Page: 17 & 27 : 15-Nov-18

ExxonMobil Australia chairman Richard Owen has advised that a drilling program at the Dory gas prospect in Bass Strait has failed to yield commercial quantities of hydrocarbons. ExxonMobil drilled the Baldfish and Hairtail wells at a cost of $120m, with the hope of finding a new source of gas for the Longford processing plant in Victoria. Owen says ExxonMobil is optimistic that it will have success in future exploration of the VIC/P70 permit.

CORPORATES
EXXONMOBIL AUSTRALIA PTY LTD, EXXONMOBIL CORPORATION, LIBERTY PETROLEUM, BHP BILLITON LIMITED – ASX BHP, APACHE ENERGY LIMITED

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