ExxonMobil Starts Deepwater Drilling Off Southeastern Australian Coast

SYDNEY, Aug 27 (Reuters) – ExxonMobil said on Monday it has commenced a A$120 million ($88 million) offshore exploration drilling off Australia’s southeast coast to search for new sources of natural gas.

ExxonMobil Australia is also actively considering a potential gas import project to bring additional supply to the country’s east coast market, Chairman Richard Owen said in a statement.

(Reporting by Swati Pandey; Editing by Christian Schmollinger)

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