ConocoPhillips and partners find gas in exploration well in Otway Basin

ConocoPhillips and its partners person identified gas-bearing zones astatine the Essington-1 exploration well, located successful the Otway Basin wrong the VIC/P79 exploration licence offshore Victoria, Australia.

The drilling astatine the good started connected 1 November 2025 utilizing the Transocean Equinox rig and was portion of the Otway exploration drilling programme.

The exploration good reached its planned full extent of 2,735m measured extent rotary array (MDRT) without incident.

Wireline logging indicated the beingness of state successful some the superior Waarre A and secondary Waarre C sandstones.

The Waarre A reservoir shows a gross gas-bearing interval of 62.6m, with 58.5m of nett pay, and the Waarre C reservoir presents a 33.2m gross gas-bearing interval, with 31.5m of nett pay.

Gas peaks were recovered astatine depths of 2,265m and 2,515m MDRT astatine the Waarre C and Waarre A reservoirs, respectively.

The elevated state readings align with accrued resistivity detected by logging portion drilling tools.

Petrophysical valuation of the wireline information has been completed, supported by enactment unit measurements. A wide state gradient successful unit information provides further grounds of moveable gas.

A broad enactment valuation programme has been launched, with wireline logs acquired crossed the 8½in spread conception of the well.

To further measure the findings, wireline enactment investigating volition beryllium conducted utilizing Schlumberger’s Ora platform, involving controlled drawdowns and buildups successful up to 2 zones wrong the Waarre A reservoir.

This investigating is expected to corroborate reservoir mobility and connectivity, execute downhole fluid investigation to find hydrocarbon signifier and composition, and retrieve typical hydrocarbon samples for laboratory analysis.

Data from these tests volition beryllium utilized to measure the recoverability and commercialized imaginable of the hydrocarbons identified successful the Essington-1 well.

ConocoPhillips Australia, the relation of the project, holds a 51% stake, alongside Korea National Oil Company (29%) and 3D Energi (20%).

3D Energi enforcement president Noel Newell said: “The aboriginal results from Essington-1 are precise encouraging, with wide indications of gas-bearing sandstones successful some the superior and secondary targets.

“While we stay appropriately cautious until enactment investigating is complete, these results are accordant with the broad pre-drill method valuation undertaken by 3D Energi.

“We look guardant to the upcoming Ora programme to corroborate state creation and reservoir deliverability.”

"ConocoPhillips and partners find state successful exploration good successful Otway Basin " was primitively created and published by Offshore Technology, a GlobalData owned brand.