3D Oil has announced that ConocoPhillips Australia has issued a letter of award securing the Transocean Equinox drilling rig for an exploration drilling program in exploration permits VIC/P79 and T/49P in the Otway Basin. ConocoPhillips Australia is the Operator of the two exploration permits in which 3D Oil has a 20% interest in both.
ConocoPhillips Australia, as the operator of the VIC/P79 and T/49P joint ventures with 3D Oil, has commenced preparation of an environment plan (EP) that will seek approval for this exploration programme.
The EP proposes seabed surveys and the drilling of up to six exploration wells in exploration permits VIC/P79 and T/49P, located in Commonwealth waters offshore of Victoria and King Island, Tasmania.
Drilling commencement is dependent on regulatory approvals from the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). The environmental plan is currently planned to be submitted to NOPSEMA in 2023. The latest finish date for the exploration drilling campaign proposed in the EP is 31 December 2028.
Read the article online at: https://www.oilfieldtechnology.com/exploration/13072023/letter-of-award-signed-for-otway-basin-exploration-drilling-rig/