ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has confirmed its timeframe for the commencement of drilling activities in the Otway Basin, which will enable one of Transocean’s rigs to embark on a two-well gas exploration campaign off the coast of Australia.
Following the completion of seabed surveys and the announcement of possible 2025 drilling locations in VIC/P79, ConocoPhillips Australia has continued to move forward with its plans to look for natural gas in the Otway basin to supply the domestic market.
As it sets the stage for this gas search, the company’s schedule indicates that the Transocean Equinox rig is expected to begin the drilling work in September 2025, subject to weather and operational conditions.
Transocean’s semi-submersible rig is anticipated to begin the drilling part of the work in line with the approved Otway Exploration Drilling Program (OEDP) off the coast of Victoria and Tasmania.
The rig will drill two wells in the Otway Basin before the end of the year. The first well to be drilled, called Essington-1 , is situated approximately 55 kilometers offshore from Port Campbell.
According to ConocoPhillips, anchors and mooring chains will be deployed by a vessel at Essington-1 in August 2025 and at Charlemont-1 between August and November 2025. Once in position, these will be marked with a surface buoy and navigation light.
The firm, which warns that these timeframes are dependent on weather and operational conditions, explains that 500-meter petroleum safety zones remain in place for safety reasons around the three potential well locations from July 1, 2025, until March 1, 2026.
Recently, Korea National Oil Corporation (KNOC) became the latest partner in the Otway gas hunt, covering two permits, VIC/P79 and T/49P, within Commonwealth waters, adjacent to existing natural gas developments in the Otway Basin.