The Phase 3C drilling program has commenced offshore Timor-Leste in the Bayu-Undan field.
Santos Ltd (ASX: STO) reported Tuesday that the Phase 3C infill drilling program has commenced offshore Timor-Leste in the Bayu-Undan field.
The program calls for drilling three production wells to develop additional natural gas and liquids reserves, Bayu-Undan Joint Venture operator Santos noted in a written statement emailed to Rigzone. The company pointed out the campaign, which secured a final investment decision this past January, will extend the life of Bayu-Undan as well production from the offshore facilities and the Darwin LNG plant in Australia.
“Only by way of a close and constructive working relationship with the Timor-Leste Government, through the Autoridade Nacional do Petroleo e Minerais (ANPM) and our joint venture partners have we been able to move so quickly towards our shared goal of safely maximizing value from the Bayu-Undan field,” remarked Kevin Gallagher, Santos’ managing director and CEO.