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KNOC Joins 3D Energi and ConocoPhillips in Otway Basin Gas Hunt

2:21am on Monday 2nd of June, 2025 AEST Energy
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KNOC Joins 3D Energi and ConocoPhillips in Otway Basin Gas Hunt

2:21am on Monday 2nd of June, 2025 AEST
Key Points
  • KNOC to acquire 29% interest in Otway Basin permits VIC/P79 and T/49P
  • ConocoPhillips reduces stake to 51% but retains operatorship
  • 3D Energi maintains 20% interest with COPA carrying up to US$65 million drilling costs
  • Joint venture exploration program bolstered by KNOC’s investment and expertise
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