The company shared its progression related with the scheduled Otway exploration drilling window.
“The quarterly report highlights the steady build up of planning and other activities associated with the scheduled Otway exploration drilling window, which opens around this time next year,” 3D Energi executive chairman Noel Newell said.
“To a large extent this represents a long build-up of exploration activities over many years and this report is harbinger for what will be a very exciting year ahead.”
According to Newell, the company is now in a position where it holds highly prospective exploration permits in joint ventures with ConocoPhillips Australia, cost carry for drilling of two exploration wells to the value of approximately A$97 million, a contracted rig and a plan to drill at least two wells in the appropriate drilling window from January 2025.
ConocoPhillips Australia submitted its Environmental Plan for the drilling of up to six exploration wells to NOPSEMA for public comment.
The company has advised that the reprocessing of approximately 1135km of the La Bella 3D seismic survey now complete, which has delivered a significant improvement in image quality, enabling a full evaluation of existing traps and further prospectivity across the La Bella 3D.
Interpretation of the Sequoia 3D seismic survey continued and will help to unlock the prospectivity of T/49P with preparation of updated prospectives are underway.
T/49P suspension and extension, variation and exemption application has also been approved by the National Offshore Petroleum Titles Administrator (NOPTA).