ConocoPhillips:
first liquids production from Bayu-Undan
Posted: 15 February 2004
ConocoPhillips announced 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 per cent 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 per cent (this includes
8.25 per cent interest held by Petroz). Co-venturers and their current
participating interests are: Eni Australia, 12.04 per cent; Santos,
10.64 per cent; INPEX, 10.53 per cent; Tokyo Electric Power Company,
Incorporated and Tokyo Gas Co., Ltd, an aggregate of 10.08 per cent.
ConocoPhillips is an integrated petroleum company with interests
around the world. Headquartered in Houston, the company had approximately
39,000 employees, $82.5 billion of assets, and $105 billion of revenues
as of Dec. 31, 2003.
For more information see www.conocophillips.com.
Posted by Richard Price,
Editor Pipeline Magazine
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