Woodside is exiting Gippsland Basin to focus on more strategic areas in their portfolio.
The fields contain P50 reserves of 85.5 MMBOE, 71% of which are operated, 57% are gas (6 MCF/ BOE). The fields are in pre-development stage with excellent long-term opportunity to supply the Victoria gas market.
Woodside holds a 30% interest in Kipper and Esso is the operator. In Basker, Gummy and Marta Woodside is the operator and holds a 100% interest.
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