Australia: Beach Energy given approval to drill Artisan-1 well in Otway Basin 14 Jan 2021 Artisan-1 exploration well in the Otway Basin. Beach Energy proposes to drill a single exploration well (with the option to suspend and develop pending reservoir analysis) in Commonwealth waters of the Otway Basin approx. 32 km off Victoria’s south-west coast. The proposed Artisan-1 well location is at a water depth of approx. 71 m. The operational area for the drilling program has been defined as a 2 km radius around the well location. The 2 km radius encompasses both the outer extent of mooring equipment on the seabed, and the 500 m petroleum safety zone.