Otway Basin Gas Discovery Estimated at 600 Bcf-1 Tcf
Drilling Activity Details
Geo Coordinate
Drilling Activity Summary
Description
A gas discovery in offshore Australia’s Otway Basin was reported by Origin Energy Ltd. at #1-Thylacine. The well is in Tasmanian permit T/30P. Preliminary estimates of in-place reserves may be more than 600 Bcf and may exceed 1 Tcf. The 281-m gross gas column is in the Cretaceous Waarre Sand. Additional testing and exploration are planned. Partners in the project are Sydney-based Origin with 30%, Woodside Petroleum Ltd., 50% and Benaris International Ltd. 20%. Woodside will operate the Thylacine development.
Description
A gas discovery in offshore Australia’s Otway Basin was reported by Origin Energy Ltd. at #1-Thylacine. The well is in Tasmanian permit T/30P. Preliminary estimates of in-place reserves may be more than 600 Bcf and may exceed 1 Tcf. The 281-m gross gas column is in the Cretaceous Waarre Sand. Additional testing and exploration are planned. Partners in the project are Sydney-based Origin with 30%, Woodside Petroleum Ltd., 50% and Benaris International Ltd. 20%. Woodside will operate the Thylacine development.