PESA Gazette March 2026 Edition

pesa gazette
March 2026 Edition

Technical Spotlight: Taroom Trough

This month has seen the Taroom Trough hit the headlines as new exploration acreage was awarded and drilling results were announced. We asked Dr Alison Troup, a Queensland based geologist with over fifteen years of extensive experience working on basin research projects across Queensland, to give us the background on this basin.

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LETTER FROM THE PRESIDENT

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Society News

Get your PESA discount to Australian Energy Producers 2026 Conference & Exhibition (Adelaide) 

If you are not an Australian Energy Producers member, but are a PESA member, you can still get discounted registration prices for the conference. Link to get the code and instructions for use are included in this article.

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Barry Goldstein Medal Tour

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PESA Exploration Activities Summary February 2026

PESA have pulled together a summary of exploration activity within the region for February. Hit the highlights here and then deep dive into some of the activity in the specific articles.

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Industry News

DUG and Searcher sign multi-client 3D seismic data reprocessing agreement offshore East Sarawak Malaysia

DUG Technology (DUG) in partnership with Searcher Seismic is pleased to announce that it has signed an agreement for the provision of multi-client 3D seismic data reprocessing offshore East Sarawak. DUG will reprocess over 60 legacy 3D surveys covering an area of up to 45,000 square kilometres from original field data using its advanced FWI imaging technology and pre-stack imaging workflows to produce one seamless 3D seismic volume of superior quality.

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Elixir Energy Announce Taroom Trough Results

Elixir Energy have announced the results of their recent well, Lorelle-3, drilled in the Taroom Trough, Queensland.

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Viridien announces strategic initiative to advance HPC for seismic imaging workflows with NVIDIA

Viridien, an advanced technology and digital solutions company, has announced a collaboration with NVIDIA to transform seismic imaging workflows by leveraging NVIDIA HPC platforms and Viridien’s expertise in Subsurface Imaging technologies and HPC & Cloud Solutions.

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Northern Territory Acreage Release

The Northern Territory of Australia have announced a petroleum exploration acreage release covering approximately 4000km2 with submissions due by Friday 31st July 2026.

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Exploration Award in the Taroom trough

Exploration rights in the Taroom Trough have been awarded to Omega led joint venture, with Tri-Star and Beach.

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Prominence Energy Announce Next Steps in Hydrogen Exploration

Prominence Energy Ltd announced in February that preparatory work gas commenced for the Company’s first geochemical survey within Petroleum Exploration Licence 803 (PEL 803) in South Australia.

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