OIL FIELDS – BASS STRAIT (VIC AND TAS)

BHP’s fresh punt on Bass Strait

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Original article by Perry Williams
The Australian – Page: 13 & 20 : 3-Jul-20

BHP is one of several companies that provided funding for a 11,500sq km seismic survey in Bass Strait. This has prompted speculation that BHP may be hoping to make a new gas discovery as a prelude to divesting its 50 per cent stake in the Bass Strait joint venture. ExxonMobil is pressing ahead with plans to sell its stake; some observers believe that BHP’s non-operating stake could be more appealing to prospective buyers, and that it could potentially secure a deal before ExxonMobil.

CORPORATES
BHP GROUP LIMITED – ASX BHP, EXXONMOBIL CORPORATION

Strong interest as Exxon sells off Bass Strait oilfields

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Original article by Matt Chambers
The Australian – Page: 21 : 26-Jul-16

The daily output of the Bass Strait oilfields has fallen to 19,000 barrels, having peaked at more than 500,000 in the 1980s. ExxonMobil Australia chairman Richard Owen believes that the oilfields are likely to be most attractive to companies with expertise in extracting value from resources projects that are nearing the end of their production life. He says there has been good initial interest from potential buyers of the oilfields, which ExxonMobil operates in partnership with BHP Billiton.

CORPORATES
EXXONMOBIL AUSTRALIA PTY LTD, EXXONMOBIL CORPORATION, BHP BILLITON LIMITED – ASX BHP, WOOD MACKENZIE, APACHE CORPORATION, FOSUN INTERNATIONAL LIMITED, MITSUI AND COMPANY LIMITED

After 50 years, Exxon and BHP quietly pull plug on Bass Strait oil

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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