ConocoPhillips Discovers New Gas in Otway Basin
Update: 2025-11-17
Description
ConocoPhillips makes a significant natural gas discovery in Australias Otway Basin, marking their first such find since 2021. The company, with a 51% stake, plans to drill more wells and continues to invest in Australian energy, despite selling their stake in Darwin LNG. The new discovery comes as the Australian Domestic Gas Security Mechanism faces criticism for not effectively ensuring enough gas for local consumers.
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