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 ...

ConocoPhillips, in collaboration with partner 3D Energi, has commenced drilling at the Essington-1 gas exploration well in the Otway Basin, Victoria, Australia. This drilling, part of the Otway exploration drilling programme (OEDP), aims to explore natural gas reserves for the East Coast market. The Transocean Equinox rig began operations on 1 November 2025 within the VIC/P79 exploration permit, located 55km offshore from Port Campbell. Essington-1 is targeting a combined 262 billion cubic feet (bcf) of ...