BHP News: Exxon, BHP to invest $291 million to expand gas output off Australia - 17th Mar 2022, 11:38am

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By Sonali Paul and Sameer Manekar

MELBOURNE (Reuters) -Exxon Mobil Corp and BHP Group said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Australia, which would help fill a looming gas shortage in the local market.

Exxon's Esso Australia said the project would cost about A$400 million ($291 million) to extract an additional 200 petajoules (PJ) of gas over the coming five years, adding that about 30 PJ will be produced nex...

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