Japanese trading house Mitsui & Co said it has started gas production from the Henry and Netherby fields off the coast of Victoria state in southern Australia.
A Mitsui subsidiary has a 25% interest in the project, in which estimated reserves from the Henry field are 5.47 billion cubic metres.
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This represents the equivalent of about 350 million barrels.
Australian energy firm Santos is the operator of the field and has a 50% stake in it, while Australian Worldwide Exploration owns the remaining 25%.
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