en.Wedoany.com Reported - Amplitude Energy is planning to drill the Juliet exploration well and the Annie development well in the Otway Basin, offshore southeastern Australia, pending the availability of the Transocean Equinox semi-submersible drilling rig. According to the company's latest quarterly report, any gas discovery could support its East Coast Supply Project (ECSP).

A decision on whether to add the Nestor exploration well will be made after Juliet, which is expected to spud in late July or early August.

Front-end engineering design (FEED) for the ECSP subsea development phase has been completed, targeting first gas production in 2028.

In May, Amplitude Energy agreed to acquire a 50% interest in the offshore Victoria VIC/L35 permit, which contains the Artisan gas field discovery, from Beach Energy. Last month, Beach completed the Artisan development well, including a successful flow test. Exploration success at Juliet and/or Nestor could provide synergies for a joint development with Artisan.

In the Gippsland Basin, Amplitude has completed the SELECT phase of the Patricia Baleen restart project, which involves commercializing the Patricia Baleen gas field in block VIC/RL16. The team evaluated multiple development options for the Patricia and Baleen wells, as well as SGH Energy's Longtom well (under a technical services agreement with SGH). Current efforts are focused on identifying the lowest-cost option to restart production from the existing Patricia Baleen wells, while retaining Longtom as a fallback option, before moving into the FEED phase. Amplitude has applied to NOPTA for a production license for the Patricia Baleen gas field, involving the conversion of the existing retention license. Once approved, Amplitude plans to apply for a combined certificate with the Sole gas field.