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11 August, 2006
Melbourne: ExxonMobil Australia, an
ExxonMobil subsidiary, today marked a major milestone in the $250 million
capital upgrade of the Long Island Point (LIP) gas processing plant near
Hastings.
Exxon Mobil Corporation Senior Vice-President
Stuart McGill and ExxonMobil Australia Chairman, Mark Nolan unveiled a plaque
at a ceremony today to commemorate the official opening of the Plant’s new
Control Room.
Speaking at the opening Mark Nolan outlined the
significance of the investment in LIP to the future of ExxonMobil in Victoria.
"The completion of the new Control Room and the investment we have made here
at LIP underlies ExxonMobil’s commitment to a long term future for our
upstream operations,” Mr Nolan said.
“When we consider
the long term future of oil and gas in Gippsland it is important that LIP
continues as a high quality and reliable facility. The investment we are
making here aims to achieve this goal.”
Mr Nolan also
spoke of the importance of advanced technology in meeting the world’s energy
challenges.
"The completion of the new Control Room will
also allow us to implement more efficient systems that will deliver enhanced
product recovery and reduce flaring and greenhouse gas emissions, Mr Nolan
said.
“What has been achieved here epitomizes how advances in
technology can enhance our ability to provide the energy that fuels economic
growth, while at the same time managing emissions.”
Since opening in 1969 over 3.5 billion barrels, approximately two-thirds of
Australia’s cumulative oil production has passed through this Long Island
Point plant as well as 650 million barrels of natural gas liquids (NGL’s).
The full upgrade program at LIP includes the refurbishment of LPG refrigerated
storage tanks, a fire water system upgrade and new plant emergency shutdown
system. The capital works program involves a workforce of around 100 people
and is expected to be complete within the next 18 months.
Media Contact:
Rob Young 03 9270 3443 or 0438 080 998.
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