• Home
  • News
  • Santos confirms Bayu Undan field life extension

Santos confirms Bayu Undan field life extension

21 Aug 2020 3:05 PM | Sonia Harvey (Administrator)

SANTOS reported a profit drop of almost 50% yesterday and a share price fall of over 4% but CEO Kevin Gallagher charted a way forward even after project deferrals, capital spend cut and write downs.

This  included confirmation of a three-well infill campaign at the Bayu Undan field first flagged in its second quarter results, which Santos expects to extend the legacy gas field's life out to 2025. 

Santos will drill two platform wells and one subsea well with sanction planned for the end of the year, Gallagher said.  

It will be the first campaign drilled with Santos as operator of the offshore asset, which is now fully under Timor-Leste jurisdiction since the small nation ratified the maritime boundary treaty with Australia last year.  

It will also provide ongoing revenue to the nation given royalties from the field are its single largest source of revenue. 

This  included confirmation of a three-well infill campaign at the Bayu Undan field first flagged in its second quarter results, which Santos expects to extend the legacy gas field's life out to 2025. 

Santos will drill two platform wells and one subsea well with sanction planned for the end of the year, Gallagher said.  

It will be the first campaign drilled with Santos as operator of the offshore asset, which is now fully under Timor-Leste jurisdiction since the small nation ratified the maritime boundary treaty with Australia last year.  

It will also provide ongoing revenue to the nation given royalties from the field are its single largest source of revenue. 

Source: Energy News Bulletin

Read more here

 

Comments

  • 20 Sep 2021 5:25 AM | hydroxychloroquine pills
    Azithromycin No Prescription Overnight
    Link  •  Reply
  • 25 Sep 2021 4:22 PM | Zithromax
    Amoxicillin Dosage For Preschoolers
    Link  •  Reply
  • 05 Dec 2021 2:41 AM | what are the side effects of gabapentin
    free sample tadalafil
    Link  •  Reply
  • 06 Dec 2021 2:30 PM | can you buy zithromax in south america
    Propecia Marcas
    Link  •  Reply
  • 09 Dec 2021 3:19 AM | gabapentin neurontin
    Propecia Low Testosterone Causes
    Link  •  Reply

Energy Club NT is an Incorporated Association 

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Powered by Wild Apricot Membership Software