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3D Oil secures Otway farmout with ConocoPhillips

Survey

3D Oil has completed the farmout of T/49P in the Otway Basin to ConocoPhillips following approval from the National Offshore Petroleum Titles Authority (NOPTA). Under the terms of the joint operating agreement (JOA), ConocoPhillips will hold an 80 per cent interest in the permit and become operator. As a result, 3D Oil will receive a …

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