Santos has confirmed that a final investment decision (FID) has been made for the $US235 million ($306 million) Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea offshore Timor-Leste.
The program includes three production wells (two platform and one subsea) and will develop additional natural gas and liquid reserves, extending field life as well as production from the offshore facilities and the Darwin LNG plant.
Santo (68.4 per cent) became operator of the Bayu-Undan joint venture seven months ago after acquiring ConocoPhillips’ northern Australia and Timor-Leste assets.
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