-+ 0.00%
-+ 0.00%
-+ 0.00%

Hibiscus starts drilling ops in Australia

The Star·10/29/2025 23:00:00
Listen to the news

PETALING JAYA: Hibiscus Petroleum Bhd’s associate company, 3D Energi Ltd, will commence its drilling operations for the Essington-1 exploration well in the Otway Basin, offshore Victoria, Australia on Nov 1, 2025.

3D Energi said this marks an important operational milestone in its strategy to identify commercially viable natural gas reserves to help supply Australia’s East Coast gas market and meet current and future energy needs.

The Essington-1 exploration well is designed to test stacked reservoir targets with direct hydrocarbon indicators, including the Waarre A (primary target) and overlying Waarre C (secondary target) reservoirs. The well is expected to take 32 days to drill to planned total depth.

The Otway Exploration Drilling Programme is being conducted in a joint venture with operator ConocoPhillips Australia (51% interest) and the Korean National Oil Company (29% interest).