Company news: ExxonMobil, Woodside, Origin and more

ExxonMobil's Dory field.

ExxonMobil's Dory field.

PPO News provides you with the latest company news and movements in the Australian oil and gas industry.

ExxonMobil has secured one of the largest potential gas prospects in Australian waters, after buying the Dory Field in the Bass Strait.

According to The Australian, the Dory Field could contain up to 2 trillion cubic feet of gas, and would add to ExxonMobil’s already large Victorian operations.

The Australian reports that Exxon has contract a rig to drill the deep water off the coast of Victoria in the third quarter of 2018, which brings drilling commitments forward a year.

The terms of the deal haven’t been disclosed by either ExxonMobil or Liberty Petroleum, but it is likely that there is a royalty deal involved.

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