COP's Essington-1 Well Confirms Gas Presence Offshore Australia

Key Takeaways COP's Essington-1 well found gas columns across two target zones off Victoria's coast.Drilling began Nov. 1 and will continue before COP moves to a second well in December.The six-well campaign aims to confirm a major gas resource for Australia's east coast supply.ConocoPhillips (COP) , a leading upstream energy company, has reported that its exploration efforts offshore southeastern Australia have yielded encouraging results, as the company encountered natural gas in the region. Per Reuters, ...