BHP Billiton Limited
(ASX:BHP) says it is bullish about the Bass Strait gas operations it shares with ExxonMobil, and has revealed hopes of another two decades of production there.
According to media reports, BHP's president of conventional oil and gas, Steve Pastor, says the area could still be producing after 2030.
The amount of gas remaining in Bass Strait has been up for debate, as increasing exports from Queensland and restrictions on unconventional gas development in Australia's south-east increase demand on supplies from the Bass Strait.
But Mr Pastor says BHP sees the remaining wet gas resources producing significant volumes and strong returns for many, many years ahead.
BHP generated a net profit of $11.9 billion in fiscal 2013.
