Santos, as operator of the Bayu-Undan Joint Venture, today announced a Final Investment Decision for the
The program comprises three production wells (two platform and one subsea) and will develop additional natural gas and liquids reserves, extending field life as well as production from the offshore facilities and the
Sanction of the project comes less than seven months after Santos became operator of the Bayu-Undan Joint Venture following completion of the acquisition of
The wells will be drilled using the Noble Tom Prosser jack-up rig, with the first well scheduled to spud in 2Q 2021, and production from the first well expected in 3Q 2021.
Santos Managing Director and Chief Executive Officer
'Only through a close and constructive working relationship with the Timor-Leste Government and our joint venture partners have we been able to move so quickly towards our shared goal of maximising value from the Bayu-Undan field.
'This infill drilling program adds over 20 million barrels of oil equivalent gross reserves and production at a low of cost of supply and extends the life of Bayu-Undan, reducing the period that
Santos currently has a 68.4% interest and operatorship in Bayu-Undan and
'Completion of the
Contact:
Tel: +61 (0) 478 333 974
Email: james.murphy@santos.com
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