Otway Basin VIC/P79 Exploration Permit Stake Buyout
Sector: Oil and Gas • Location: Australia
Source: Baird Maritime
3D Energi received a buyout notice from ConocoPhillips' Australian unit to acquire its 20% participating interest in the VIC/P79 exploration permit offshore Otway Basin. The permit operator ConocoPhillips Australia holds 51% and Korea National Oil Corporation holds 29%. The parties will agree on a fair market value or obtain an expert valuation. ConocoPhillips Australia may exercise its buy-out ri
- Status
- Prospective
- Sector
- Oil and Gas, Seaport
- Location
- Australia
- Updated
- 22 Jul 2026
- Source
- Baird Maritime
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Project Information
Participants
| Not available for this record. |
Status
Original status | under negotiation |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | 3D Energi received a buyout notice from ConocoPhillips' Australian unit to acquire its 20% participating interest in the VIC/P79 exploration permit offshore Otway Basin. The permit operator ConocoPhillips Australia holds 51% and Korea National Oil Corporation holds 29%. The parties will agree on a fair market value or obtain an expert valuation. ConocoPhillips Australia may exercise its buy-out right within 30 days. |
Original sector | Energy |
Location
Country | Australia |
Source
Source | Baird Maritime |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Seaport |
Article published date | 2026-03-20 |
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