Woodside Energy Assumes Operatorship of Bass Strait Assets

Woodside Energy Group Ltd. has agreed to assume operatorship of the Bass Strait assets following an agreement with ExxonMobil Australia. This strategic move strengthens Woodside's footprint in Australia and is expected to realize over US$60 million in synergies after transition and integration costs. Woodside will take on responsibility for asset planning and execution, aiming for further production and reliability improvements. The agreement also provides flexibility for future development opportunities, including four potential wells that could deliver up to 200 petajoules of sales gas. Completion is targeted for 2026, pending regulatory approvals.