3D Energi today announced a significant milestone, following the acceptance of the Environment Plan (EP) for the upcoming Otway Exploration Drilling Program (OEDP), offshore Australia. 

Highlights

• NOPSEMA Acceptance: Australia’s offshore energy regulator, NOPSEMA, has accepted the Otway Exploration Drilling Program Environment Plan (EP) marking a significant regulatory milestone for the Joint Venture.
• Exploration Program Details: The accepted EP proposes the drilling of up to six exploration wells across exploration permits VIC/P79 and T/49P.
• Drilling Timeline: Current drilling consortium scheduling indicates the Joint Venture will begin drilling its firm two-well Phase 1 program in 2025.
• TDO's Financial Support: 3D Energi is carried by COPA for up to US$65M in gross drilling costs for the two firm exploration wells in Phase 1 of the exploration program. Final cost estimates are being finalised.
• Data Interpretation Underway: Final well locations for the drilling program are yet to be confirmed.

KeyFacts Energy: Australia company/country profiles: 3D Oil