ConocoPhillips Hits New Gas Discovery in Australia's Otway Basin [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance
that the reserves tapped and their commercial viability have yet to be estimated. “The Essington-1 well is the first discovery in the Otway since 2021 and is a promising start to ConocoPhillips' exploration activities in the region. The initial results are encouraging, and we look forward to continuing drilling our second exploration well in December,” the president of Conoco's Australian operations, Jan-Arne Johansen, said ConocoPhillips has a 51% in the Otway Basin project, with partners including Korea National Oil Corporation and Australian 3DEnergi. The company joined the drilling project in 2019. Prior to that, it was a shareholder in Darwin LNG, in Northern Australia, but it sold its stake there to local major Santos for $1.4 billion, also in 2019. ConocoPhillips is the operator of Australia Pacific LNG, in partnership with Origin Energy and China's CNOOC. The facility is the largest LNG production site in eastern Australia, producing close to a third of the natural gas t
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COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/3/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- COP's page on the SEC website