Exxon and BHP investments for pipeline project

ExxonMobil and BHP Billiton intend to invest AUS$400 million (US$287 million) on replacing a crude oil and condensate pipeline at their Australian Gippsland Basin.

The 187 km Victoria pipeline will join the Longford and Long Island Point facilities. Construction is said to begin late 2015, depending on regulations and approval.

Oil and gas is delivered from offshore Bass Strait to Longford, supplying approximately 20% of domestic crude and 40% of eastern Australian gas demand. The Long Island Point plant stores crude and processes natural gas liquids. The natural gas processing facilities in addition to the pipeline project will maintain the gas supplies, as Exxon operates the joint 50/50 Gippsland Basin venture with BHP Billiton.

Edited from various sources by Stephanie Roker

Sources: Yahoo News, Argus Media, Mining Weekly

Published on 28/08/2015

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