News listings

energy-pedia exploration

Timor Leste flagTimor Leste

Central & SE Asia / Australasia >>> Timor Leste

Timor Leste: Baron Oil provides operational update on Chuditch PSC - Drilling Site Survey


12 Feb 2024

Photo - see caption

Baron Oil has provided an update on operational activities on the TL-SO-19-16 Production Sharing Contract ('Chuditch PSC'), offshore Democratic Republic of Timor-Leste.

Baron's wholly owned subsidiary, SundaGas, has entered into contracts to conduct a survey at the planned drilling location for the Chuditch-2 appraisal well, which is illustrated in the Company's presentation published on 11 October 2023 (See map below). Site Survey operations are expected to be carried out at the location during February and early March 2024.

The objective of the Site Survey, which is a requirement, is principally to identify any potential hazards at the proposed well site, ensuring that a drilling rig can be safely located there with minimal environmental impact. The Site Survey work consists of geophysical studies and physical investigation of the seabed and shallow geological section.

SundaGas maintains dialogues with other companies active in the region to identify operational synergies for the drilling of the Chuditch-2 appraisal well. These discussions have resulted in the opportunity to acquire the Site Survey in partnership with a nearby operator. The estimated cost savings that derive from sharing services and vessel mobilisation compared to standalone acquisition are significant. In addition, the shared operation enables SundaGas to acquire the Site Survey earlier than originally planned, enabling aspects of well design to be accelerated and the environmental approval submissions to be expedited.

Photo - see caption
Source: Baron Oil

Original announcement link

Source: Baron Oil





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 213

Completed Deals

Completed Upstream Deals: 6611

Company Profiles

Current Company Profiles: 2923

Corporate Activity

Current Corporate Activity articles: 4178

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1670

Geostudies

Current Geostudies articles: 992

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Government of South Australia
OPC
Telos NRG
Union Jack Oil 149
Syntillica
Rose & Assocs
Bayphase
Borchwix
energy365
Merlin
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com