ConocoPhillips Begins First Liquids Production at Bayu-Undan

ConocoPhillips reports that first liquids production began February 10 from the Bayu-Undan field in the Timor Sea Joint Petroleum Development Area (JPDA).

Liquids production is the first phase in this two-phase project. In this first phase, the Bayu-Undan gas recycle facility will produce and process wet gas; separate and store condensate, propane and butane; and re-inject dry gas back into the reservoir. Full daily design rates of 1.1 billion cubic feet of gas; 115,000 barrels of combined condensate, propane and butane; and 950 million cubic feet of dry gas recycled into the reservoir are anticipated to be reached by the third quarter of 2004.

Bayu-Undan is a gas condensate field that contains estimated recoverable hydrocarbons of 400 million barrels of condensate and liquefied petroleum gas and 3.4 trillion cubic feet of natural gas. The field straddles production sharing contract areas 03-12 and 03-13 in the JPDA between Timor-Leste and Australia. It is located in 80 meters of water about 250 kilometers south of Suai, Timor-Leste, and 500 kilometers northwest of Darwin, Australia.

The second phase is a liquefied natural gas (LNG) project. It is expected to be complete in early 2006, at which time the first LNG cargo from the 3.52 million-ton-per-year facility is scheduled for delivery. It will involve a gas pipeline from the Bayu-Undan field to a LNG facility at Wickham Point, near Darwin. Approvals for this phase have been received and construction of the project has already begun. A binding Heads of Agreement was signed in 2002 with The Tokyo Electric Power Company, Incorporated and Tokyo Gas Co., Ltd. detailing the terms of sale of 3 million tons per year of LNG. The agreement covers a 17-year period and commits nearly 100 percent of the proven natural gas reserves of the field.

ConocoPhillips is the operator of the Bayu-Undan project, with a current participating interest of 56.72 percent (this includes 8.25 percent interest held by Petroz). Co-venturers and their current participating interests are: Eni Australia, 12.04 percent; Santos, 10.64 percent; INPEX, 10.53 percent; Tokyo Electric Power Company, Incorporated and Tokyo Gas Co., Ltd, an aggregate of 10.08 percent.
Related Companies
 Company: Santos Ltd.more info
 - Australia's Santos To Focus On Long-Life Gas In Growth Push (Dec 8)
 - Gas Producer Santos Needs to Impress as China's ENN Eyes Strategy (Dec 4)
 - Sampang JV Approves Project to Extend Field Life by 2 Years to 2020 (Sep 22)
 Company: ConocoPhillipsmore info

 - ConocoPhillips CEO Talks Talent Shortage and Learning in the Downturn (Mar 7)
 - Shell Shuns New Oil Sands as Low Crude Prices Force Cost Control (Feb 27)
 - Origin To Take A$1.9B Charge On LNG, Exploration Assets (Feb 15)
 Company: ENImore info

 - Nigerian Court Overturns Seizure Of Oilfield From Shell And Eni (Mar 17)
 - Zohr to Start Gas Production This Year (Mar 15)
 - ExxonMobil Agrees to Buy 25% Stake in Mozambique's Area 4 Block (Mar 9)
 Company: Inpexmore info

 - Lukoil Finds Oil at Iraq Well (Feb 22)
 - Japan's Inpex Sticks To Australia Ichthys LNG Output Target (Feb 10)
 - Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project (Jan 16)
 Company: Tokyo Electric Powermore info
 - Tokyo Electric Signs on for ExxonMobil's PNG LNG Supply (Dec 9)
 - Tokyo Electric Signs on for Chevron's Wheatstone LNG (Dec 7)
 - WA Premier Applauds New Wheatstone LNG Deal (Dec 7)
 Company: Tokyo Gasmore info
 - Tokyo Gas Buys Eagle Ford Shale Stake, Despite Loss from Prior US Purchase (Jun 21)
 - Indonesia's Small-Scale LNG Plans Face Several Challenges (Apr 15)
 - Chevron Sees Australia's Gorgon Project Train 1 Restarting in 30-60 Days (Apr 6)

Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours