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ConocoPhillips move to buy out 3D Energi's 20% stake in Otway Basin permit

3D Energi met with financial woes after well costs blowout

Russell Yeo
ConocoPhillips move to buy out 3D Energi's 20% stake in Otway Basin permit

Credits: ENB

ConocoPhillips has moved to buy out 3D Energi from the VIC/P79 permit in their Offshore Otway Project joint venture after the junior partner defaulted on payment. The 155,000km2 Offshore Otway project...

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