Australia's Woodside Energy has announced it will take over operatorship of the Bass Strait oil and gas assets from ExxonMobil. This transfer of operational control is expected to unlock an estimated $60 million in synergies.
This move is part of ExxonMobil's ongoing strategy to high-grade its global portfolio and optimize its asset base. By transferring operatorship, ExxonMobil continues to streamline its operations and focus on its most advantaged projects.
The transition of operatorship for these long-standing assets marks a further step in ExxonMobil's disciplined capital allocation and portfolio management. It allows the company to reallocate resources to other strategic growth areas.
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