ExxonMobil has commenced a voluntary redundancy program for its Australian employees.
The company has advised that the program is part of an extensive review of its current and future project work.
“Employees who elect to take part in the voluntary program will be asked to offer expressions of interest through September,” ExxonMobil explained in a statement.
With the program being offered to all employees in Melbourne, Gippsland, Sydney, Adelaide and Perth, employees who participate in the program will be provided with support, including outplacement services.
ExxonMobil said the program will ensure the company manages through these unprecedented market conditions.
The company has been operating in Australia since 1895 and is the operator of the Barracouta gas field in the Bass Strait, the Longford gas plants located in South Gippsland, Victoria, and the Long Island Point plant, situated 75km south-east of Melbourne in the Bass Strait.
ExxonMobil (25 per cent) is also a joint venture partner in the Gorgon project in Western Australia, which involves Shell (25 per cent) and Chevron (47.3 per cent and operator) Osaka Gas (1.25 per cent), Tokyo Gas (1.0 per cent) and JERA (0.417 per cent).
The development consists of subsea infrastructure for the production and transportation of gas from the two gas fields to a three train, 15 million tonne per annum LNG and domestic gas processing facility located on Barrow Island.