- Santos launches Dorado FEED - Europétrole euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Santos, as operator of the Bayu-Undan Joint Venture, has announced the Phase 3C infill drilling program has commenced at the Bayu-Undan field, in Timor-Leste offshore waters.
Santos commences Bayu-Undan Phase 3C infill drilling campaign
édité le 25/05/2021 - Plus de news de Santos - Voir la fiche entreprise de Santos
Santos, as operator of the Bayu-Undan Joint Venture, announced the Phase 3C infill drilling program has commenced at the Bayu-Undan field, in Timor-Leste offshore waters.
The program, given a Final Investment Decision in January this year, comprises of three production wells and will develop additional natural gas and liquids reserves, extending field life as well as production from the offshore facilities and the Darwin LNG plant.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said the wells will be drilled using the Noble Tom Prosser jack-up rig, with first production expected in 3Q 2021.
Santos and Eni sign MOU to collaborate in northern Australia and Timor-Leste
édité le 03/05/2021 - Plus de news de Santos - Voir la fiche entreprise de Santos
Santos and Eni have signed a Memorandum of Understanding (MOU) to cooperate on opportunities in northern Australia and Timor-Leste.
The areas of cooperation include assessing the synergies of sharing possible infrastructures associated with gas field developments around Barossa and Evans Shoal, pipeline to Darwin and onshore associated gas processing leading to LNG expansion developments.
This also includes investigating options to re-purpose the Bayu-Undan facilities to extend the life of the project, including a carbon capture and storage project, subject to the agreement of the Timor-Leste government.
Advertisement
Santos has announced it has completed the sell-down of 25% interests in Bayu-Undan and Darwin LNG to SK E&S, which is also a partner in Barossa.
The sell-down resulted in net funds to Santos of US$186 million at completion, being the sale price of US$390 million less the cashflows from the 25% interests from the effective date of 1 October 2019 to completion.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said he was delighted to formally welcome Barossa joint venture partner SK E&S as a partner in Bayu-Undan and Darwin LNG.
“The sell-down to SK E&S is in-line with our strategy of disciplined growth while maintaining a strong balance sheet by managing equity levels in our growth projects consistent with disciplined capital management,” Mr Gallagher said.