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Northbridge Industrial Services Plc

Cooper makes new gas field discovery in Otway basin

The well is located in VIC/P44 where Cooper Energy is the operator and 50% interest holder and Mitsui E & P Australia also holds a 50% interest.

The Diamond Offshore-operated semi-submersible rig Ocean Monarch started mobilization from the Gippsland basin to the Otway basin offshore Australia to drill two offshore gas exploration wells for Cooper in late July. The rig started drilling the Annie-1 gas exploration well in early August.

In a statement on Friday, Cooper said that the well had reached total depth (TD) of 2,442 meters measured depth rotary table (MDRT) at 9:00 am AEST on September 4, 2019.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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