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The Australian Petroleum Production and Exploration Association has said the legislation passed on Tuesday this week was a step in the right direction to help ensure that Victoria has ongoing secure supplies of natural gas.
The project is in support of the country's ongoing licence round, expected to close in the first half of 2021.
The company has said that is expecting the potential award of a marginal field to happen within 6 months of submitting a bid.
Wells 34/4-15 S and 34/4-15 A in production licence 882 will be drilled from the Deepsea Yantai drilling facility.
Gabon’s Directorate General of Hydrocarbons and PGS have expanded the Gabon MegaSurvey coverage, significantly increasing access to 3D seismic over the 35 blocks on offer as part of the country's offshore licensing round.
Gro Haatvedt will leave her executive role as VP of Exploration and Development at the end of September 2020 to become a Distinguished Advisor.
The MoU covers cooperation opportunities in E&P, LNG, downstream and infrastructure, and circular economy and low-carbon energy projects.
ConocoPhillips Australia now holds an 80% interest in T/49P in the offshore Otway Basin.
The AREA OFF-1 licence contains a management estimated resource potential of up to 1 billion boe.
The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in Rounds 15 and 16.
The regulation provides that exploratory drilling projects in a specific area of the Canada-Newfoundland and Labrador offshore are excluded from the requirement to undergo a project-specific federal Impact Assessment.
The additional work will commence directly after the conclusion of a previously announced contract, and will last approximately two weeks.