Australia-based Cooper Energy has discovered a natural gas field offshore Victoria, Australia, in the Otway Basin, the company said Sept. 6.
The Annie gas discovery marks the first made by an offshore well in the basin in 11 years, according to Cooper Energy.
Drilled to a total depth of 2,241 m, the Annie-1 well hit a 70-m gas column in the Waarre C Formation. The net pay thickness was 62 m, the company said in a news release.
The deeper Waarre A sandstone was encountered at 2,341 m measured depth rotary table, the company said, and was water wet.
“Annie-1 is the first offshore gas exploration well Cooper Energy has drilled in Australia and the first of an $80 million drill campaign by the joint venture this year to find new gas supply for southeast Australia,” Cooper Energy Managing Director David Maxwell said in the release. “We are very pleased with the success at Annie. It is very encouraging for future exploration in the offshore Otway Basin and for our strategy to build gas production around the hub of the existing Minerva Gas Plant.
Data collected show the find is consistent with adjacent analogue producing fields. Laboratory analysis to confirm gas composition will be conducted. The company also plans in the coming months to complete subsurface assessments and data analysis to refine field size estimates and inform decisions regarding field development, Maxwell said.
Recommended Reading
Exclusive: Trump Poised to Scrap Most Biden Climate Policies
2024-11-29 - From methane regulations and the LNG pause to scuttling environmental justice considerations, President-elect Donald Trump is likely to roll back Biden era energy policies, said Stephanie Noble, partner at Vinson & Elkins.
GPA Midstream Files Petitions Against Methane Tax
2025-02-07 - The GPA Midstream Association joins a number of states that have filed a suit against the implementation of a waste emissions charge.
Attitude Adjustment Incoming from DC, Energy Experts Say
2024-11-25 - The energy Industry can expect more cooperation from the federal government through personnel and policy adjustments.
Appeals Court Rules in Favor of FERC-Permitted Indiana NatGas Line
2025-01-08 - “As night follows day, an environmental challenge follows the approval of a natural gas pipeline,” a Court of Appeals, D.C. Circuit panel said in ruling in favor of a Boardwalk Pipeline expansion project.
Big Spenders: EPA Touts Billions in Clean Energy Spending
2025-01-15 - Nearly $69 billion in funding from the Inflation Reduction Act and Bipartisan Infrastructure Law has been dispersed by the Environmental Protection Agency in its clean energy push.