ConocoPhillips is laying the groundwork to kick off seabed surveys this month ahead of exploration drilling activities for which a semi-submersible rig owned by Transocean has arrived in the Otway Basin to find commercially viable natural gas reserves to keep fears of shortfalls at bay.

ConocoPhillips Australia OEDP Phase Otway Basin COPA Energi Transocean Equinox East Coast Victoria Commonwealth Environmental Management Authority Siem Offshore Production For Bass Strait