Eni: start up production from Bayu-Undan field located between East Timor and Australia

abarrelfullabarrelfull wrote on 24 Oct 2013 09:04

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February 19, 2004

Eni started the production of the Bayu-Undan field, located in the deep offshore between East Timor and Australia, 500 km north west of Darwin, Australia.

In the first phase, the total production of the Bayu-Udan field will be 115,000 barrels per day of condensates and LPG. The second phase of the development will start in 2006 and will regard the production of gas, too. The gas will be sent through pipeline to the Darwin’s LNG plant, which build-up works have already started. The plant will have a capacity of 3.52 million tons per year.

The Bayu-Undan field contains recoverable hydrocarbons for an amount of 96.3 billion cubic meters of gas and 400 million barrels of condensates. Eni owns the 12.04% interest in the field and the other partners are Conoco-Phillips (operator with 56.72% interest), Santos (10.64%), INPEX (10.53%), Tokyo Electric Power and Tokyo Gas (they jointly own the 10.08% interest).

Eni operates in Australia in the exploration activities, development and production in 13 concessions, in seven of which is operator. The Eni’s production in the Country (Wollybutt field, where Eni is operator, and Bayu-Undan) amounts to 30,000 barrels of oil equivalent per day.

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