November 1, 2025
ConocoPhillips Australia has started exploration in the Otway basin in an effort to find new domestic natural gas supply and be part of the solution to Victoria’s forecast gas shortfalls in the coming years.
The exploration program aims to identify viable natural gas reserves to supply the domestic market and support Australia’s future energy needs— ensuring reliable power generation and residential heating, as well as supporting local manufacturers.
On November 1, 2025, exploration drilling commenced at the first of two planned exploration wells for 2025. The first well (Essington-1) is located approximately 50 kilometers southwest of Port Campbell in the offshore permit area VIC/P79, which lies adjacent to current natural gas developments.
ConocoPhillips Australia President, Jan-Arne Johansen said, "Natural gas is key to providing reliable and affordable energy to households and businesses as Australia seeks to transition to net zero, and ConocoPhillips Australia is looking to be part of the solution.”
Drilling of Essington-1 is likely to continue through to the end of November 2025, with a second well in VIC/P79 (Charlemont-1) expected to commence in December (weather and operational conditions permitting). Additional wells may be considered in the future under the approved Environment Plan.
“We remain committed to conducting our exploration activities safely and have extensive environmental protection measures in place. Our Environment Plan was approved in February 2025 following an extensive application and assessment process with the regulator.”
ConocoPhillips Australia is operator of the Otway Exploration Drilling Program and holds 51% with joint venture partners the Korea National Oil Corporation (29%) and 3D Energi Limited (20%).
ENDS