OIL

Essential in Otway Basin seismic shoot next month

Independent oil and gas explorer Essential Petroleum has told the market it intends to undertake ...

Essential said it has contracted Santos to do the shoot, which will take place 2.5 to 50km offshore in water depths between 25 and 500m. Multiwave's "Polar Duke" seismic vessel will be used to acquire the 2D seismic.

Essential said the survey should take seven days to complete. It added the survey has been scheduled to occur outside Southern Right and Blue Whale migratory and feeding periods.

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