**ConocoPhillips Secures Support Vessels for Otway Drilling Program Offshore Australia**
ConocoPhillips Australia has taken a significant step in the upcoming Otway exploration drilling program by contracting three anchor-handling tug supply (AHTS) vessels. This strategic move is aimed at ensuring a seamless operation for the contracted semisubmersible drilling rig, **Transocean Equinox**, which will be operating in the VIC/P79 and T/49P exploration permits in the Otway Basin offshore Victoria and King Island, Tasmania in 2025.
The contracted vessels from Sea1 Offshore, formerly Siem Offshore, will provide crucial support by handling mooring chains and anchors, positioning the rig, and supplying it with necessary equipment and resources. This plan is part of a two-well drilling contract, with an additional 120 optional days (Phase 2) to further enhance the exploration efforts in the region.
**Transocean Equinox** is scheduled to arrive in the Otway Basin during the first quarter of 2025. The drilling environmental plan is currently under review by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) to ensure all safety and environmental standards are met.
The selection of the exact locations for the two initial wells in Phase 1 will depend on the outcomes of ongoing 3D seismic interpretation studies. This thorough approach ensures that the most promising geological locations are targeted for exploration to maximize the potential for commercially viable natural gas reserves.
ConocoPhillips Australia’s commitment to solid infrastructure and meticulous planning reflects the company’s dedication to meeting Australia’s energy demands. The Otway exploration program is a key component of ConocoPhillips’ broader strategy to identify and develop energy resources that will help sustain the country’s future energy needs.
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