An offshore exploration drilling program by ConocoPhillips / 3D Energi & Korea National Oil Corporation (VIC/P79) using the Transocean Equinox rig that began late 2025 has carried into early 2026.
Essington-1 (Nov 2025) discovered 58.5m of gas-condensate net pay in the Waarre A and 31.5m in the Waarre C.
Charlemont-1 was spudded on 10 December 2025. Gas shows were intersected in the Waarre A and Waarre C sands.
The Transocean Equinox rig was then utilised by Amplitude Energy to Drill Elanora-1 (Offshore Otway Basin, VIC/L24). No gas was present in the primary target interval (Waarre A reservoir).
A subsequent sidetrack tested the nearby Isabella prospect and encountered a gross 10.7m of gas bearing Waarre C.