ConocoPhillips and partners discover gas in the Essington-1 exploration well in the Otway Basin offshore Victoria, Australia. Gas-bearing zones found in primary and secondary sandstones with gross intervals of 62.6m and 33.2m, respectively. Gas peaks detected at depths of 2,265m and 2,515m. Formation testing and evaluation underway to assess commercial potential.

Wireline logging at Essington-1 well reveals gas presence in Waarre A and C sandstones. Gross gas-bearing intervals of 62.6m and 33.2m with net pay of 58.5m and 31.5m, respectively. Gas peaks detected at 2,265m and 2,515m. Petrophysical evaluation completed with clear gas gradient in pressure data.

ConocoPhillips Australia, Korea National Oil Company, and 3D Energi identify gas in Essington-1 well. Gas-bearing sandstones discovered in primary and secondary targets. Formation testing to confirm gas composition and reservoir deliverability. Initial results show promise, awaiting further testing for confirmation. Comprehensive pre-drill evaluation supports findings.

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