ExxonMobil Completes $335 Million Australian Offshore Drilling

Published at 07:31PM - 07/08/15

ExxonMobil has successfully completed its drilling campaign in its Turrum field, part of the Kipper Tuna project offshore Australia.

The campaign involved drilling a total of five new offshore wells, four gas wells and one oil well, at a cost of AUD$ 335 million, all drilled from Esso Australia’s Marlin B platform, in the Bass Strait, off the east coast of Australia.

The wider Kipper Tuna Turrum project, which first came online in October 2013, has required a total investment of US$4.5 billion, and has estimated reserves of 110 million barrels of oil equivalent and 1 trillion cubic feet of natural gas.

The program involved drilling over 20km of offshore wells and utilising over 2,000 metric tonnes of casing tubing.

Chairman of ExxonMobil Australia, Richard Owen, said “The fact that this program was completed safely reflects the ongoing commitment we make to ensure the safety of our workforce and operations.

Both the Turrum and Tuna projects are part of the Gippsland Basin project. Together, the total Gippsland basin supplies around 40% of eastern Australia’s domestic gas demand.

On the matter of Gippsland, Owen said “The success of the Turrum drilling program demonstrates what is needed to ensure future investment in Gippsland. In order to ensure the continuation of our local operations, we must work together as a team to find productivity improvements not just in major projects, but across the full spectrum of our business,” he said.

The Kipper is a joint venture between Esso Australia 32.5%; BHP Billiton 32.5% and Santos Limited 35%. Esso Australia acts as operator of the project.

The wider Gippsland Basin is a joint venture between Esso Australia and BHP Billiton, both holding an equal 50% stake and Esso Australia acting as operator.