WDS News: ExxonMobil and Woodside Approve $221M Turrum Gas Project - 20th Mar 2025, 1:54am

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Exxon Mobil Corporation’s XOM Australian unit and Woodside Energy have approved the final investment decision for the Turrum Phase 3 project, a $221 million initiative aimed at tapping underdeveloped gas resources in the Gippsland Basin. The project will involve drilling five new wells in the Turrum and North Turrum gas fields, ensuring continued gas supply for Australia’s east coast.

Australia's competition regulator has warned that the country’s east coast could face gas shorta...

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