Operator Exxon’s 50-50 joint venture partner in the assets is global miner BHP Group.
MELBOURNE: Oil major Exxon Mobil Corp is looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia’s Bass Strait as part of a broader review of its portfolio of assets around the world.
The Gippsland Basin joint venture, off the state of Victoria, has long been the mainstay oil and gas supplier into southeastern Australia, but output from the fields is in decline.
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