No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Financial Markets

3D Energi announces update on Essington-1 gas well operations

November 10, 2025
in Financial Markets
0
3D Energi announces update on Essington-1 gas well operations


Australian oil and gas company 3D Energi has announced updates on ongoing drilling at the Essington-1 gas exploration well in the Otway Basin, Victoria.

The well is located within the VIC/P79 exploration permit, around 55km offshore from Port Campbell.

The Essington-1 well has reached 1,736m of measured depth below rotary table (MDRT) and 1,704m of true vertical depth subsea (TVDSS) after nine days of drilling.

The current hole size is 12¼in in the intermediate section within the Paaratte Formation. The crew is now preparing to install 9⅝in casing.

The next phase will involve drilling an 8½in hole through the reservoir section to reach the planned total depth of around 2,650m TVDSS.

Subject to operational factors, the well is expected to take around 32 days to drill to total depth.

3D Energi stated: “At the time of this announcement, operations are running safely and smoothly, with no reported accidents or incidents.”

3D Energi owns a 20% equity interest in the project, alongside ConocoPhillips Australia with 51% and Korea National Oil Company with the remaining 29%.

3D Energi and ConocoPhillips commenced drilling at the Essington-1 well site on 1 November 2025 using the Transocean Equinox rig.

The drilling is part of the Otway exploration drilling programme, which aims to identify natural gas reserves for the East Coast market.

The Essington-1 well targets a combined 262 billion cubic feet (bcf) of mean prospective gas resources in the Waarre C and Waarre A reservoirs.

Waarre C reservoir lies at a depth of around 2,240m TVDSS, contains an estimated 76bcf of resources and has a 76% chance of success.

Waarre A, the primary target, lies at approximately 2,470m TVDSS, with estimated resources of 186bcf and a 68% chance of success.

“3D Energi announces update on Essington-1 gas well operations” was originally created and published by Offshore Technology, a GlobalData owned brand.

 


The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Editorial Team

Editorial Team

Related Posts

Client Challenge
Financial Markets

Client Challenge

November 10, 2025
Client Challenge
Financial Markets

Client Challenge

November 10, 2025
Paystand strengthens cross-border stablecoin payments with Bitwage acquisition
Financial Markets

Paystand strengthens cross-border stablecoin payments with Bitwage acquisition

November 10, 2025
Client Challenge
Financial Markets

Client Challenge

November 10, 2025
Mazda reports FY26 H1 net loss on US tariffs
Financial Markets

Mazda reports FY26 H1 net loss on US tariffs

November 10, 2025
The BBC logo displayed on the exterior of BBC Broadcasting House with a television camera in the foreground.
Financial Markets

To fix the BBC, focus on competence and cash

November 10, 2025
Load More
Next Post
Compare Monday's mortgage rates on NerdWallet

Mortgage Rates Today, Monday, November 10: A Little Higher

Popular News

  • The 10 best banks for college students in 2025

    The 10 best banks for college students in 2025

    0 shares
    Share 0 Tweet 0
  • How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • US Senate compromise sets stage for end to government shutdown

    0 shares
    Share 0 Tweet 0
  • Brite Advisors Owner Assumes Control of Mondial Dubai

    0 shares
    Share 0 Tweet 0
  • PocketGuard App Review for 2025

    0 shares
    Share 0 Tweet 0

Latest News

Strive raises $160M in oversubscribed SATA IPO as Vivek Ramaswamy buys in

Strive raises $160M in oversubscribed SATA IPO as Vivek Ramaswamy buys in

November 10, 2025
0

Key Takeaways Vivek Ramaswamy purchased 15,625 shares of Strive Inc.'s Variable Rate Series A Perpetual Preferred Stock at $80 per...

Access Restricted

Access Restricted

November 10, 2025
0

Access Restricted Associated Newspapers Ltd Access Restricted Thank you for your interest. Unauthorised access is prohibited. To access this content,...

US Senate compromise sets stage for end to government shutdown

US Senate compromise sets stage for end to government shutdown

November 10, 2025
0

US Senate compromise sets stage for end to government shutdown

BII and BlueOrchard climate fund

BII and BlueOrchard launch $250m climate fund for insurers

November 10, 2025
0

Impact manager BlueOrchard and the UK development finance institution British International Investment (BII) have partnered to launch a $250m (£189.7m)...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.