Woodside assumes operatorship of Gippsland Basin assets

Woodside Energy has taken over as operator of the Gippsland Basin assets in south-eastern Australia from Esso Australia Resources, including the Gippsland Basin Joint Venture (GBJV) and Kipper Unit Joint Venture (KUJV).

The transition covers operatorship only, with both Woodside and Esso Australia Resources retaining their existing ownership stakes in the assets.

Each company continues to hold a 50% participating interest in the GBJV and a 32.5% interest in the KUJV.

The Gippsland Basin supplies around 40% of the gas demand on Australia's east coast and has been a major source of energy for the region for several decades.

All gas produced by Woodside in the Gippsland Basin is supplied to the Australian domestic market.

The assets include onshore and offshore facilities, with approximately 1,200 personnel supporting operations at locations such as the Longford Gas Plant and the Long Island Point processing facility.

Woodside CEO Liz Westcott said: "Today marks a new chapter for the Gippsland Basin joint ventures as Woodside assumes operatorship of these nationally significant energy assets, which play a critical role in supplying gas to Australian homes and businesses. As oper

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/woodside-assumes-operatorship-gippsland-basin-144518198.html)