ConocoPhillips Confirms Second Gas Discovery in Australia’s Otway Basin

ConocoPhillips has confirmed a second natural gas discovery offshore Australia, strengthening the commercial case for further exploration in the Otway Basin and underscoring the region’s growing importance to the country’s tightening east coast gas market. Gas has been confirmed at the Charlemont-1 exploration well offshore Victoria after the successful recovery of a representative gas sample, validating the Charlemont Trend. The well is located in permit VIC/P79, operated by ConocoPhillips, with partners ...