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ExxonMobil: to go ahead with Australian gas project

(CercleFinance.com) - ExxonMobil said it has made a final investment approval to develop the West Barracouta gas field, offshore Australia.


After completing engineering design work for the project, the company has awarded contracts to Norway's Subsea 7 and Schlumberger's OneSubsea, the US oil giant said in a statement on Wednesday.

The project will bring new gas supplies to Australia's domestic market, it said.

Exxon said that it aims to start producing gas there by 2021.

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