COP makes a surprise reversal in agreeing to acquire a 75% operating interest from 3D Oil in T/49P, 4,690 sq km in the Otway Basin off Tasmania for AUD 5 MM. Plans include recording 1,580 sq km of 3D seismic in 3Q '20, 3DO carried. It is recalled COP is otherwise selling out of Oze to Santos (bar the Australia-Pacific LNG project).
COP makes a surprise reversal in agreeing to acquire a 75% operating interest from 3D Oil in T/49P, 4,690 sq km in the Otway Basin off Tasmania for AUD 5 MM. 