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Amplitude Energy Advances Drilling Plans at Australian Otway Basin Gas Field with Transocean Rig

By MGN EditorialMay 25, 2026 at 12:00 PM

Amplitude Energy, formerly known as Cooper Energy, is moving to assume operatorship of an offshore gas field in Australia's Otway Basin, with drilling operations set to proceed using a Transocean rig.

## Amplitude Energy Takes Helm at Otway Basin Offshore Gas Field Australian gas producer Amplitude Energy — formerly operating under the Cooper Energy name — is advancing plans to take over operatorship of an offshore gas field in the Otway Basin, located off the southern coast of Australia, according to Offshore Energy. The company, which is focused on supplying the Southeast Australian domestic gas market, has set the transition in motion alongside plans to push forward drilling operations utilising a Transocean drilling rig. The move signals a renewed commitment to developing the basin's gas resources at a time when domestic energy supply remains a critical concern for southeastern Australia. The Otway Basin is an established hydrocarbon province straddling the maritime border of Victoria and South Australia, and has long been considered a key source of natural gas for the domestic market. Amplitude Energy's strategic focus on this region aligns with broader industry efforts to shore up local gas supply amid ongoing energy market pressures. The operator transition and the advancement of drilling operations represent a significant step for the company as it works to establish itself under its rebranded identity. Bringing a Transocean rig into the programme underscores the scale of the planned drilling campaign and the operator's confidence in the field's potential. Further details regarding the timeline for the operatorship handover and the specific drilling targets are expected to emerge as the project progresses. Industry observers will be watching closely, given the importance of Otway Basin production to meeting southeastern Australia's gas demand in the near to medium term.
#Amplitude Energy#Cooper Energy#Transocean#Otway Basin#offshore drilling#Australian gas market#upstream oil and gas#offshore Australia

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