Australia's first offshsore well was spudded in on 27th December 1964 and resulted in the discovery of the Barracouta gas field. Further exploratory drilling led to the discovery of the Marlin gas field in December 1965, the Kingfish oil field in April 1967 and the Hblibut oil field in June. 1967. In September 1968, a small oil reservoir was found in a sand below the main Barracouta'gas reservoir. The Snapper gas field was discovered in May, 1968 Information on exploration activities associated with the discovery of oil and gas in the Bass Strait area may be found in the paper, "Exploration in the Gippsland, Bass and Otway Basins, Australia" by B. M. Hopkins. _ Development of the commercial fields is being undertaken on an equal participation basis by Hematite Petroleum Pty. Ltd. and Esso Exploration and Production Australia Inc. Esso Standard Oil (Australia) Ltd. is responsible for the design, construction and operation of the production facilities.