ConocoPhillips has produced first liquids 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 bcf of gas; 115,000 bbl of combined condensate, propane, and butane; and 950 MMcf of dry gas recycled into the reservoir is expected by 3Q 2004.
Bayu-Undan is a gas condensate field that contains estimated recoverable hydrocarbons of 400 MMbbl of condensate and liquefied petroleum gas and 3.4 tcf of natural gas. The field straddles production sharing contract areas 3-12 and 3-13 in the JPDA between Timor-Leste and Australia in 80 m of water 250 km south of Suai, Timor-Leste, and 500 km northwest of Darwin, Australia.
The second phase is an 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. Phase two will involve a gas pipeline from the Bayu-Undan field to a LNG facility at Wickham Point, near Darwin. ConocoPhillips has received approvals for this phase and construction of the project is underway. ConocoPhillips signed a binding agreement with The Tokyo Electric Power Co. Inc. and Tokyo Gas Co. Ltd. in 2002 detailing the terms of sale of 3 million tons per year of LNG. The agreement covers a 17-year period and commits 100% of the proven natural gas reserves of the field.
02/16/04
