ConocoPhillips Australia will shortly commence exploration activities for natural gas in the Otway Basin (offshore Victoria) near existing natural gas wells. The drilling program aims to identify viable natural gas reserves to supply the East Coast market and support Australia’s current and future energy needs, ensuring reliable power generation, industrial processes, and residential heating.

ConocoPhillips Australia’s Environment Plan for the Otway Exploration Drilling Program was accepted by Australia’s independent regulator — National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) in February 2025.