ConocoPhillips and partners find gas in exploration well in Otway Basin

ConocoPhillips and its partners have identified gas-bearing zones at the Essington-1 exploration well, located in the Otway Basin within the VIC/P79 exploration permit offshore Victoria, Australia. The drilling at the well started on 1 November 2025 using the Transocean Equinox rig and was part of the Otway exploration drilling programme. The exploration well reached its planned total depth of 2,735m measured depth rotary table (MDRT) without incident. Wireline logging indicated the presence of gas in b ...