ep. Let renewables do their thing.

"The area available for gas exploration in NSW has been significantly reduced."

We already produce more than enough gas . . they just need to stop exporting it all

Best to do nothing then???

Quote:


https://www.abc.net.au/news/2025-05-30/viva-energy-gas-terminal-project-approved...

Gnads wrote on May 31^st, 2025 at 9:17am:


The gas supply from Bass Straight is running out....How do you reserve gas that does not exist....I am not approving anything I am just stating the obvious....Stay stupid dickhead!!!

THE Reuters news agency is reporting that gas production from Bass Strait is set to receive a big boost through a new 50-50 joint venture between Esso Australia Resources and Woodside Energy.

On March 17 Reuters reported that ExxonMobil's Australian unit had announced on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources.

The approval is for the A$350 million ($221.31 million) project, which aims to drill five new wells in the Turrum and North Turrum gas fields.

Esso, Mitsui and Woodside to invest nearly $200 million into the Gippsland Basin
The VALARIS 107 to drill new well in the Kipper field
West Tuna platform to be significantly upgraded
MELBOURNE, Australia – Esso Australia Resources Pty Ltd (‘Esso Australia’, a subsidiary of ExxonMobil Australia Pty Ltd) has announced a nearly $200 million dollar investment in the Kipper 1B Project which will bring online much-needed additional gas supply from the Gippsland Basin.

The project, which was approved by Esso Australia, and its co-venturers, MEPAU A Pty Ltd (‘Mitsui’), and Woodside Energy (Bass Strait) Pty Ltd (‘Woodside’), will utilise the VALARIS 107 jack-up rig to drill and install one subsea well into the Kipper field, and involve significant upgrades to the West Tuna platform.

Kipper 1B follows the successful completion of the recent Kipper Compression Project, and the West Barracouta project that came online in 2021.

“Esso Australia continues to invest in multiple projects that ensure our Gippsland operations sustain gas production well into the 2030s,” says ExxonMobil Australia Chair Simon Younger.

“Projects like Kipper 1B are vital to help meet the country’s energy security needs by bringing new supply online, which will be used exclusively for Australia’s domestic market.

"Natural gas is a safety net of our energy system, ensuring reliable, affordable power for homes and businesses while providing the stability needed to transition to a lower carbon future." 

Drilling into the Kipper field is set to begin later this year, with upgrades to the West Tuna platform happening simultaneously. The project is expected to expand capacity from the Kipper field, delivering crucial gas supplies to the market ahead of winter 2026.

Esso operates assets in Bass Strait that form part of the Gippsland Basin Joint Venture between Esso and Woodside) and the Kipper Unit Joint Venture (Esso, Woodside, and Mitsui).

The country’s offshore petroleum regulator has approved the biggest gas exploration program in Australian waters for years, allowing American giant ConocoPhillips to proceed with drilling off the coast of Victoria.

The New York-listed energy giant is poised to drill two exploration wells this year in the hope of rapidly bringing supply online. Exploration activity for new oil and gas in waters around the country has been near all-time lows.

If successful, the drilling could bring fresh supplies of gas into Victoria as early as 2028 using processing infrastructure that is already in place, said Noel Newell, executive chairman of 3D Energi, Conoco’s junior partner.