Exxon bought into Australia for $690 million.
Exxon said it agreed to buy the Australian firm Delhi Petroleum Pty. Ltd., giving it a 25% share of that country’s largest onshore oil and gas production area. Exxon said the purchase of Delhi by its affiliate, Esso Exploration & Production Australia, would mark the company’s first onshore oil and gas production in Australia. Delhi’s daily production totals about 45,000 barrels of crude oil, 30,000 barrels of gas liquids and 480 million cubic feet of natural gas.
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