Bayu-Undan project achieves key milestones
Posted: 15 January 2004
Santos Limited announced the achievement of two significant milestones
at the Bayu-Undan project with the flowing of first gas from the
Bayu-Undan gas and liquids field.
The project has successfully opened two wells for production as
part of the commissioning and start-up procedures for the Wellhead
Platform Number1. In addition, 1000 metric tonnes each of propane
and butane have also been loaded onto the Liberdade Floating Storage
Offtake vessel to pre-cool the LPG storage tanks in advance of LPG
production from the field.
“The completion of these major events over the holiday period
represent important milestones in the offshore completion program,”
Santos’ Managing Director, Mr. John Ellice-Flint, said today.
“Bayu-Undan remains on schedule for first liquids production
in April 2004 and this latest achievement gives us increased confidence
we will successfully deliver commercial liquids production in coming
weeks.”
Santos, with a 10.6 per cent interest, is the only Australian-owned
company involved in the world class project which is located in
the Timor Sea. ConocoPhillips with a 56.7 per cent interest operates
the Bayu-Undan project.
The project's first stage - due to come on stream in April 2004
at an estimated cost of US$1.8 billion - is the Gas Recycle (Liquids)
Project which involves the stripping of Natural Gas Liquids (condensate
and LPG) from the Bayu-Undan field’s gas stream and re-injecting
the residual gas.
The second stage Liquefied Natural Gas (LNG) development involves
transporting the residual gas to Wickham Point, Darwin in the Northern
Territory and processing into LNG for export to Japan.
The LNG project is estimated to cost around US$1.5 billion with
production to commence in the first half of 2006.
Santos Limited is a major Australian oil and gas exploration and
production company with interests in all Australian hydrocarbon
provinces. The Santos Group also operates in the USA, Indonesia
and PNG.
Interests in the total Bayu-Undan project are ConocoPhillips (Operator)
56.72 per cent; ENI 12.04 per cent; Santos Group 10.64 per cent;
INPEX 10.52 per cent; Tokyo Electric Power Company, Incorporated/Tokyo
Gas Co Ltd 10.08 per cent.
For more informations see http://www.santos.com.au/
Posted by Richard Price,
Editor Pipeline Magazine
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