Overview
- Wireline logs identified gas-bearing intervals in the Waarre A sandstone of 62.6 m gross (58.5 m net) and the Waarre C sandstone of 33.2 m gross (31.5 m net).
- Petrophysical evaluation and formation pressures show a clear gas gradient, indicating movable gas in the reservoirs.
- Schlumberger’s Ora formation testing will conduct controlled drawdowns, capture downhole samples, and analyze fluids to assess deliverability, composition, and commercial potential.
- ConocoPhillips operates the VIC/P79 permit with a 51% stake, alongside Korea National Oil Corporation at 29% and 3D Energi at 20%.
- The Transocean Equinox drilled Essington-1 to planned total depth about 55 km offshore Port Campbell, with the rig scheduled to spud Charlemont-1 next.