Final Investment Decision for the Waitsia Gas Project Stage 2 Development
Mitsui & Co Ltd
This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme
Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), together with its partner Beach Energy Limited has made a final investment decision subject to necessary government approvals, as the operator of a gas development project relating to the Waitsia gas field (“Waitsia”) in the state of Western Australia, called the Waitsia Gas Project Stage 2 Development (“Stage 2 Development”). Mitsui holds a 50% interest in the Waitsia through AWE Pty Ltd (“AWE”).
In 2018, Mitsui acquired AWE which has an interest in Waitsia, located onshore approximately 350 km north of Perth, Western Australia. The acquisition was primarily to expand Mitsui’s competitive oil and gas portfolio in Australia and to gain operatorship capabilities.