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ExxonMobil invests $200M in Australia's Kipper 1B gas project to boost domestic supply.
ExxonMobil and partners are investing nearly $200 million in the Kipper 1B project in Australia's Gippsland Basin, aiming to expand gas production and meet domestic demand.
The project includes drilling a subsea well and upgrading the West Tuna platform, with supplies expected by winter 2026.
The investment supports Australia's strategy to use natural gas in its transition to a net-zero economy by 2050.
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ExxonMobil invierte $200 millones en el proyecto de gas Kipper 1B de Australia para impulsar el suministro doméstico.