ExxonMobil Australia, Woodside approve final investment decision for $221 million gas project
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ExxonMobil's Australian unit and Woodside Energy have approved a $221 million investment for the Turrum Phase 3 gas project in the Gippsland Basin, targeting underdeveloped gas resources.
March 17, 2025 | 6:45 am
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ExxonMobil's Australian unit, in partnership with Woodside Energy, has approved a $221 million investment for the Turrum Phase 3 gas project, which could enhance its gas resource development.
The approval of a significant investment in the Turrum Phase 3 project indicates ExxonMobil's commitment to expanding its gas resources, which could positively impact its stock price in the short term.
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