Exxon, BHP Plan Big Investment for Australia Gas Plant
BHP Billiton has approved $520 million investment in the Longford Gas Conditioning Plant (LGCP) Project as part of the Gippsland Basin Joint Venture located in Victoria, Australia. Esso Australia, a part of ExxonMobil and an equal partner in the project will also invest a similar amount.
The LGCP will add carbon dioxide removal capacity to the Longford Gas Plant which is necessary to condition production from the Turrum offshore development project. The LGCP will be designed to process approximately 400 million standard cubic feet of gas per day and will reduce the CO2 content of treated gas to less than three per cent. Saleable gas production will commence in calendar year 2016.
BHP Billiton and Esso Australia Resources Pty Ltd (operator) each have a 50 per cent interest in the Gippsland Basin Joint Venture.