The program, which includes four gas wells and one oil well drilled at the Marlin B platform, represents an overall investment of $335 million, according to a statement filed to the New York Stock Exchange late last week.
The completion of ExxonMobil’s drilling program comes almost two years after the start-up of the company’s $4.5 billion Kipper Tuna Rurrum project, which is estimated to hold about 1 trillion cubic feet of natural gas and 110 million barrels of oil and gas liquids.
ExxonMobil Australia Chairman Richard Owen said the drilling program was completed ahead of schedule.
“The program involved drilling approximately 20 kilometres of technically complex wells and installing more than two thousand tonnes of casing, tubing and production equipment,” he said.
According to Mr Owen, the Esso-BHP Billiton Gippsland Basin joint venture supplies nearly 40 percent of east coast Australian domestic gas demand.