ConocoPhillips Completes Phase 1 Drilling in Otway Basin

Reuters01-14

ConocoPhillips Completes Phase 1 Drilling in Otway Basin

ConocoPhillips Australia has announced the successful completion of Phase 1 of its exploration drilling campaign in the Otway Basin, marking a significant step in supporting Australia’s energy needs. The campaign targeted the Essington-1 and Charlemont-1 wells, with both showing encouraging signs of natural gas in the Waarre A and Waarre C reservoirs. Essington-1 revealed a 62.6-metre gross hydrocarbon column in the primary target and a further 33.2 metres in the secondary zone, while Charlemont-1 also indicated the presence of natural gas. Both wells will be plugged and abandoned in accordance with environmental regulations, and further analysis is required to determine the commercial viability of the findings. ConocoPhillips Australia operates the project with a 51% stake, in partnership with Korea National Oil Corporation (29%) and 3D Energi (20%). No decision has been made yet about additional drilling or advancing to development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConocoPhillips published the original content used to generate this news brief on January 14, 2026, and is solely responsible for the information contained therein.

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The campaign targeted the Essington-1 and Charlemont-1 wells, with both showing encouraging signs of natural gas in the Waarre A and Waarre C reservoirs. Essington-1 revealed a 62.6-metre gross hydrocarbon column in the primary target and a further 33.2 metres in the secondary zone, while Charlemont-1 also indicated the presence of natural gas. Both wells will be plugged and abandoned in accordance with environmental regulations, and further analysis is required to determine the commercial viability of the findings. ConocoPhillips Australia operates the project with a 51% stake, in partnership with Korea National Oil Corporation (29%) and 3D Energi (20%). No decision has been made yet about additional drilling or advancing to development.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConocoPhillips published the original content used to generate this news brief on January 14, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603659907","isCrawlerRequest":true}