Woodside completes Gippsland Basin operatorship transition

01 Jul Woodside completes Gippsland Basin operatorship transition

London, (Oilandgaspress) – Woodside Energy (Woodside) has assumed operatorship of the Gippsland Basin assets, including the Gippsland Basin Joint Venture (GBJV) and Kipper Unit Joint Venture (KUJV), from Esso Australia Resources Pty Ltd (‘Esso Australia Resources’).

This positions Woodside as operator of one of Australia’s most significant domestic energy assets. The
Gippsland Basin assets have supplied energy to Australian homes and industry for decades and remain central to east coast energy security.

Woodside CEO Liz Westcott said completion of the transition marked an important milestone for the company’s Australian operations. “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 operator, Woodside’s focus is on maintaining safe, reliable operations and supporting continued energy security for the east coast. “Our company was established more than 70 years ago and named after the small town of Woodside in Gippsland, where our founders first began exploring for oil. We are proud to be returning to Victoria as these assets’ operator and look forward to continuing to contribute to eastern Australia’s energy future. ”One hundred per cent of Woodside’s gas production from the Gippsland Basin is supplied to the domestic market.”

Operatorship of the GBJV and KUJV strengthens Woodside’s Australian portfolio and builds on its experience managing complex, long-life energy assets.

The transition has been designed to ensure continuity of operations, with experienced Gippsland teams
continuing to support safe and reliable production.

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