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Database on Companies in the Timor Gap

The following information was compiled in 1999 by the Data Center, a California-based research NGO, for the East Timor Action Network (ETAN) in the United States. Most of it comes from the oil and gas industry trade press, and the sources are listed at the end of each entry.

Although this data has become outdated due to subsequent contracts, mergers, and sales, it contains useful information, although it should be verified with more recent sources.

This database includes information on the following companies:

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BP Amoco PLC

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Broken Hill Proprietary

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Emet Pty Ltd.

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Enterprise Oil PLC

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Hardy Petroleum

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Inpex Timor Sea

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Inpex Sahul

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JAPEX

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Marathon

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Mitsubishi Oil

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Mobil Oil

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Nippon Oil

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Norwest Energy NL

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Oryx Energy

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Pertamina

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Petroz NL

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Phillips Petroleum

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Royal Dutch Shell

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Santos Pty Ltd

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SOCDET Petroleum

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Sodec Timor

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Statoil

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Trans-Orient Petroleum

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West Oil NL

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Woodside Petroleum

 

Link to comprehensive listing of all OilWeb information on companies.

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BP Amoco PLC

Where in GAP      Zone A Block 91-03

What doing          (British Petroleum) holds 16.7% interest in the Perseus gas field discovered in 1995 operated by Woodside who are evaluating its production potential.  BUT: 2/10/1998 AAP wire says: “Woodside’s interest in ZOCA 91-03 is 40%. Other participants are Shell Development Proprietary Ltd (33.33%), Gulf Australia (Timor Sea) Pty Ltd (15%) and Sodec Timor Co. Ltd (11.67%)”. Gulf Australia Pty Ltd is a subsidiary of Petroz.

Working with?     Woodside, Broken Hill Proprietary, Shell

Info. source         4/1/1997, 20-F SEC filing

Broken Hill Proprietary Co. Ltd.

Where in GAP      Zone A Block 91-12, Kakatua and Elang Fields, Undan and Bayu fields

What doing          Has permit covering ZOCA 91-12 where it has the Bayu gas/condensate field. In late March 1997 BHP Petroleum and Phillips Petroleum agreed BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform. . Phase 2 by 2002 will produce 3m t/y of LNG. The Bayu Undan field is estimated to contain 350 million barrels of liquid hydrocarbons and three trillion cubic feet of natural gas. "With nearly a 27 percent interest in the field (Bayu/Undan), Phillips expects to gain substantial production after the project comes on-stream in 2002" (Annual Report 12/31/97) BHP holds a 42.417% interest in the Production Sharing contract ZOCA 91-12. (20-F SEC filing 5/31/96)Undan/Bayu development (the largest gas discovery in the world in 1995). "this area of the Timor Sea is already demonstrating its potential with the discovery of numerous large to giant fields and will soon become one of the world's most active exploration areas."  (Business Wire 6/5/97)  Santos holds 21.42%, Inpex Sahul (21.21%), Petroz (14.94%). Estimated to cost around $1.1 billion to develop Bayu/Undan project. Development plan expected to be completed by 4th qtr 1998. LNG production facility will also be needed (BHP and Phillips currently negotiating).

$ Involved            $1,100,000,000

Working with?     Inpex Sahul, Santos, Petroz, Emet (100% subsidiary of Petroz)

Info. source         Arab Press Service Review Gas Market Trends 4/28/97; 4/29/98; 12/31/97; 5/31/96; Platt's Oilgram News 6/5/97; 2/25/98 Phillips

Broken Hill Proprietary Co. Ltd.

Where in GAP      Zone A Block 91-01 and 91-03

What doing          Exploration as operator in 91-01 (40%) and with interest in 91-03 with Woodside as operator. Exploration well Jahal-1 well plugged and abandoned 7/27/97. In 91-01 Inpex Timor Sea, Ltd (20%), Santos Pty Ltd (20%), Woodside Petroleum (20%).BUT:  In 91-03, 2/10/1998 AAP wire says: “Woodside’s interest in ZOCA 91-03 is 40%. Other participants are Shell Development Proprietary Ltd (33.33%), Gulf Australia (Timor Sea) Pty Ltd (15%) and Sodec Timor Co. Ltd (11.67%)”. Gulf Australia Pty Ltd is a subsidiary of Petroz.

Working with?     Inpex Sahul, Santos, Woodside, British Petroleum and Shell

Info. source         BHP Annual Report filing 10/29/96; AAP Newsfeed 9/17/97; AAP Company News 7/31/97; AAP Newsfeed 2/10/1998

Broken Hill Proprietary Co. Ltd.

Where in GAP      Zone A Blocks 95-15, 96-17, 95-19 and 96-20

What doing          Has 100% in blocks 95-15 and 96-17 and 1/3 in 95-19 along with operator Shell Development (Australia) and Woodside Petroleum, and 1/3 in 96-20 with Shell (1/3) and Woodside(1/3) The first well is likely to be drilled in 5/97.

Working with?     Shell and Woodside Petroleum

Info. source         11/19/96, Energy Alert

Emet Pty Ltd.

Where in GAP      Zone A ZOCA Block 91-13

What doing          Partners with Phillips Petroleum (and others) which has ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu. In late March 1997 Phillips agreed with BHP Petroleum and ZOCA that BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform.  Phase 2 by 2002 will produce 3m t/y of LNG.

Working with?     Phillips Petroleum, BHP Petroleum,  Oryx Energy, Hardy Oil, Inpex, Santos, Petroz

Info. source         4/28/97 Arab Press Service Review Gas Market Trends

Emet Pty Ltd.

Where in GAP      Zone A Block 91-12. Kakatua and Elang Fields, and Undan and Bayu fields

What doing          BHP has found and operates most of the oil-bearing structures in the Timor Gap. A first Jalak well in 1995 was to test Tithonian sands and wells were drilled at the other structures. By early 1995 BHP had drilled three wildcats at Elang. BHP recorded more than 100m barrels of very light oil and conducted further Elang drilling in 1995-96. Now Elang and Kakatua fields are being developed. They will begin oil production in early 1998. Output would initially average about 17,000 b/d, which will rise at a later phase to about 25,000 b/d. Eventually they will develop the other fields in the region and link them to a central production system. Go-ahead received in early 1997 from the Joint Development Authority for these fields. First development approved in the Zone since its establishment in 1989. BHP has 42.4% and is operator, Santos (21.4%), Inpex Sahul (21.2%), Petroz (13.3%), Emet (1.4%) are partners. Other ZOC fields awaiting further development are "Petroz and partners" (assume ones mentioned above). Undan and Bayu gas and condensate fields also in 91-12.

$ Involved            $73,000,000

Working with?     Broken Hill Proprietary, Santos, Inpex Sahul, Petroz

Info. source         Arab Press Service Review Gas Market Trends 4/28/97, Offshore 4/97

Enterprise Oil PLC

Where in GAP      Zone A Block 91-14

What doing          Enterprise and Nippon Oil Co. Ltd plan to spend $42.4 million on this block. The two will drill five wells and run 6,000 line km of seismic surveys. BUT: Enterprise Oil Annual Report dated 12/31/1996 says “The Wallaroo-ST1 well drilled on ZOCA 19-14 in April 1996 was plugged and abandoned and the production sharing contract was relinquished in January 1997.”

Working with?     Nippon Oil Co.

Info. source         Oil & Gas Journal 1/6/1992; Enterprise Oil Annual Report 12/31/96

Enterprise Oil PLC

Where in GAP      Zone A Blocks 91-09

What doing          "has interests in two blocks on the Timor Gap Zone of Co-operation". Retained 20% interest in 91-09, now operated by Shell who have committed to drill an exploration well later this year. "The Wallaroo-ST1 well drilled on ZOCA 91-14 in April 1996 was plugged and abandoned and the production sharing contract was relinquished in January 1997."

Working with?     Shell

Info. source         20-F SEC Filing 12/31/94, Annual Report 1996 12/31/96

Hardy Petroleum Ltd.

Where in GAP      Zone A Block 91-13

What doing          Has 15%, Phillips Petroleum (60%), and Oryx Energy (25%) which has ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu. In late march 1997 Phillips agreed with BHP Petroleum and ZOCA that BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform. . Phase 2 by 2002 will produce 3m t/y of LNG.

Working with?     Phillips Petroleum, Oryx Energy

Info. source         Arab Press Service Review Gas Market Trends 4/28/97; Platt's Oilgram News 2/25/98

Hardy Petroleum Ltd.

Where in GAP      Zone A Block 91-18

What doing          Testing a deep play in the central zone. First exploration well spudded in April 1997. 13% interest in block. Others are Mobil, Royal Dutch/Shell and Statoil each with 25% and Mitsubishi (12%). Mobil is operator. Well Kelp Deep-1 has been plugged and abandoned (1998). Failed to encounter commercial quantities of hydrocarbons.

Working with?     Mobil, Statoil, Shell, Mitsubishi

Info. source         Arab Press Service Review Gas Market Trends 4/28/97; AFX News 5/6/1997

Inpex Timor Sea Ltd

Where in GAP      Zone A Block 91-01

What doing          Exploration. Joint venture (has 20%)  Includes Broken Hill Proprietary (operator)  Exploration well plugged and abandoned 7/27/97. In 91-01 Santos (20%), Woodside (20%), Broken Hill Proprietary (40%).

Working with?     Broken Hill Proprietary, Santos, Woodside

Info. source        AP company news 7/31/1997

Inpex Sahul

Where in GAP      Zone A Block 91-12. Kakatua and Elang Fields, Undan and Bayu fields

What doing          BHP has found and operates most of the oil-bearing structures in the Timor Gap. A first Jalak well in 1995 was to test Tithonian sands and wells were drilled at the other structures. By early 1995 BHP had drilled three wildcats at Elang. BHP recorded more than 100m barrels of very light oil and conducted further Elang drilling in 1995-96. Now Elang and Kakatua fields are being developed. They will begin oil production in early 1998. Output would initially average about 17,000 b/d, which will rise at a later phase to about 25,000 b/d. Eventually they will develop the other fields in the region and link them to a central production system. Go-ahead received in early 1997 from the Joint Development Authority for these fields. First development approved in the Zone since its establishment in 1989. BHP has 42.4% and is operator, Santos (21.4%), Inpex Sahul (21.2%), Petroz (13.3%), Emet (1.4%) are partners. Other ZOC fields awaiting further development are "Petroz and partners'" (assume ones mentioned above) Undan and Bayu gas and condensate fields also in 91-12.

$ Involved            $73,000,000

Working with?     Broken Hill Proprietary, Santos, Petroz, Emet

Info. source        Arab Press Service Review Gas Market Trends 4/28/97, Offshore 4/97

Inpex Sahul

Where in GAP      Zone A  Block 91-13

What doing          Partners with Phillips Petroleum (and others) which has ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu. In late march 1997 Phillips agreed with BHP Petroleum and ZOCA that BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform. . Phase 2 by 2002 will produce 3m t/y of LNG.

Working with?     Phillips Petroleum, BHP Petroleum,  Oryx Energy, Hardy Oil, Santos, Petroz, Emet

Info. source         Arab Press Service Review Gas Market Trends 4/28/97

Inpex Sahul

Where in GAP      Zone C, Bonaparte Basin, Rabe Block

What doing          In late 1996 Pertamina signed a PSA with Inpex for the Rabe Block, 6,400 sq km.

Working with?     Pertamina

Info. source         Arab Press Service Review Gas Market Trends 4/28/97

JAPEX

Where in GAP      Zone C, Bonaparte Basin, Sabo Block

What doing          In late 1996 Pertamina signed a PSA with JAPEX for Sabo Block, 4,571 sq km.

Working with?     Pertamina

Info. source          Arab Press Service Review Gas Market Trends 4/28/97

Marathon

Where in GAP      Zone A in 2 blocks

What doing          During 1993,  Marathon  continued an exploration program in two blocks in  Zone-of-Cooperation  "A" located between Indonesia and Australia in the  Timor  Gap.  An exploratory drilling program is

Info. source        10-K SEC filing of USX Corp. 3/15/1994

Mitsubishi Oil Co. Ltd.

Where in GAP      Zone A  Block 96-18

What doing          Testing a deep play in the central zone. Well Kelp Deep-1 has been plugged and abandoned (1998). Failed to encounter commercial quantities of hydrocarbons.  Mobil is operator with 25%, Shell 25%, Statoil 25%, Hardy (13%), Mitsubishi Oil co (12%) .

Working with?     Mobil, Statoil, Shell, Hardy Oil

Info. source         Arab Press Service Review Gas Market Trends 4/28/75; AFX News 6/1997

Mobil Oil Corp.

Where in GAP      Zone A  Block 95-18

What doing          Testing a deep play in the central zone. Well Kelp Deep-1 has been plugged and abandoned. Failed to encounter commercial quantities of hydrocarbons. Has 25% stake. Mobil is operator with 25%, Shell 25%, Statoil 25%, Hardy (13%), Mitsubishi Oil co (12%) .

$ Involved            $0

Working with?     Statoil, Shell, Mitsubishi, Hardy Oil

Info. source         Arab Press Service Review Gas Market Trends 4/28/97; Offshore 3/1998; Europe Energy 1/23/98; AFX 5/6/1997

Nippon Oil Co. Ltd

Where in GAP      Zone A Block 91-14

What doing          Enterprise and Nippon Oil Co. Ltd plant o spend $42.4 million. The two will drill five wells and run 6,000 line km of seismic surveys. BUT: Enterprise Oil Annual Report dated 12/31/1996 says “The Wallaroo-ST1 well drilled on ZOCA 19-14 in April 1996 was plugged and abandoned and the production sharing contract was relinquished in January 1997.”

Working with?     Enterprise

Info. source         Oil & Gas Journal 1/6/1992; Enterprise Oil Annual Report 12/31/1996

Norwest Energy NL

Where in GAP      Zone A Block 96-16

What doing          Extensive technical review of 7,500 kilometers of existing seismic together with all relevant existing wells was conducted by independent petroleum consultants RobSearch Australia for the joint venture and has defined 14 prospects and leads in the permit. Of these, the major prospects were estimate to have the potential to cumulatively reservoir more than 1 billion barrels of oil reserves. Includes Coleraine and Fyle Prospects.  Discussions are in progress with major industry companies to fund exploration wells on one or more of the major prospects later in the year. Working with Trans Orient Petroleum Ltd and Socdet Management Ltd. NOTE: West Oil NL, through wholly owned subsidiary ZOCA Pty Ltd holds a 33 1/3% working interest in ZOCA 96-16 which is operated by Moondance Energy Pty Ltd (name changed to NEW (ZOCA 96-16) Pty Ltd 7/98) (subsidiary of Norwest Energy NL). (AAP Newsfeed 7/27/98). Change of

Working with?     Trans Orient Petroleum Ltd and Socdet Management Ltd.,  RobSearch Australia (consultant);

Info. source         Business wire 1/29/98, Disclosure report 1998; AAP Newsfeed 7/27/1998; AAP Newsfeed 9/15/97

Oryx Energy Co. (Since purchased by Kerr-McGee Corporation)

Where in GAP      Zone A Block 91-13

What doing          Has 25%, Hardy Petroleum (15%) and Phillips Petroleum (60%) which has ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu. In late march 1997 Phillips agreed with BHP Petroleum and ZOCA that BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform. . Phase 2 by 2002 will produce 3m t/y of LNG. In 1996 drilled 3 successful appraisal wells at 91-13 block. Total of 10 wells have been drilled in the field. "We expect to have a 10-15 percent interest in the unitized field". (Annual Report

Working with?     Phillips Petroleum, Hardy Oil,

Info. source          Arab Press Service Review Gas Market Trends 4/28/97; Annual Report 12/96; Platt's Oilgram 2/25/98

Pertamina

Where in GAP      Kupang, East Nusatenggara, Indonesia

What doing          PT El Nusa, subsidiary of PT Pertamina has almost completed the development of a $4 million logistical depot to support the Timor Gap gas project.

$ Involved            $4,000,000

Info. source         AP Worldstream 4/14/98

Petroz NL

Where in GAP      Zone A block 91-13

What doing          Partners with Phillips Petroleum (and others) which has ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu. In late march 1997 Phillips agreed with BHP Petroleum and ZOCA that BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform. . Phase 2 by 2002 will produce 3m t/y of LNG.

Working with?     Phillips Petroleum, BHP Petroleum,  Oryx Energy, Hardy Oil, Inpex, Santos, Emet

Info. source        Arab Press Service Review Gas Market Trends 4/28/97

Petroz NL

Where in GAP      Zone A Block 91-12. Kakatua and Elang Fields, Undan and Bayu fields

What doing          BHP has found and operates most of the oil-bearing structures in the Timor Gap. A first Jalak well in 1995 was to test Tithonian sands and wells were drilled at the other structures. By early 1995 BHP had drilled three wildcats at Elang. BHP recorded more than 100m barrels of very light oil and conducted further Elang drilling in 1995-96. Now Elang and Kakatua fields are being developed. They will begin oil production in early 1998. Output would initially average about 17,000 b/d, which will rise at a later phase to about 25,000 b/d. Eventually they will develop the other fields in the region and link them to a central production system. Go-ahead received in early 1997 from the Joint Development Authority for these fields. First development approved in the Zone since its establishment in 1989. BHP has 42.4% and is operator, Santos (21.4%), Inpex Sahul (21.2%), Petroz (13.3%), Emet (1.4%) are partners. Other ZOC fields awaiting further development are "Petroz and partners'"(asume ones mentioned above) Undan and Bayu gas and condensate fields also in 91-12.

$ Involved            $73,000,000

Working with?     Broken Hill Proprietary, Santos, Inpex Sahul, Emet

Info. source         Arab Press Service Review Gas Market Trends 4/28/97, Offshore 4/97

Petroz NL

Where in GAP      Zone A Block 91-03

What doing          Through Gulf Australia (Timor Sea) pty Ltd has 15% of block. Woodside's interest in ZOCA is 40%. Other participants are Shell Development Proprietary Ltd (33.33%), Sodec Timor Co. Ltd

Working with?     Woodside, Shell, Sodec. Timor Co. Ltd.

Info. source          AAP Newsfeed 2/10/1998

Phillips Petroleum Co.

Where in GAP      Zone A block 91-13

What doing          Has ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu. In late March 1997 it  agreed with BHP Petroleum and ZOCA that BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform. . Phase 2 by 2002 will produce 3m t/y of LNG. In 1996 Phillips Petroleum International Investment Company bought Bridge Oil Timor Sea, Inc. which has a wholly owned subsidiary ($78 million) , Bridge Oil Timor Sea Pty Ltd, which owns a 22.5% interest in the ZOCA 91-13 permit in the offshore Bonaparte Basin in the ZOC. Phillips has 60%, Oryx energy (25%) and Hardy Petroleum (15%).  Estimated to cost around $1.1 billion to develop Bayu/Undan project. Development plan expected to be completed by 4th qtr 1998. LNG production facility will also be needed (BHP and Phillips currently negotiating).

Working with?     Oryx Energy, Hardy Oil

Info. source          Arab Press Service Review Gas Market Trends 4/28/97; Annual Report; 1997; Platt's Oilgram 2/25/1998

Royal Dutch Shell Group of Companies

Where in GAP      Zone A Block 91-09

What doing          Shell has committed to drill an exploration well.  (Shell Transport & Trading Co.)  Enterprise Oil PLC formerly had 100% interest in this block but now only retains 20% in the production sharing contract. Now operated by Shell.

Working with?     Enterprise Oil PLC

Info. source         Enterprise Oil 1996 Annual Report  12/31/96

Royal Dutch Shell Group of companies

Where in GAP      Zone A Block 91-03 (Perseus field)

What doing          Gas reserves in the Perseus field were substantially increased following appraisal drilling. Operated by Woodside. Shell Transport & Trading Co. PLC. BUT: 2/10/1998 AAP wire says: “Woodside’s interest in ZOCA 91-03 is 40%. Other participants are Shell Development Proprietary Ltd (33.33%), Gulf Australia (Timor Sea) Pty Ltd (15%) and Sodec Timor Co. Ltd (11.67%)”. Gulf Australia Pty Ltd is a subsidiary of Petroz.

Working with?     Woodside, Broken Hill Proprietary, British Petroleum

Info. source         Shell Annual Report  12/31/96; AAP Newsfeed 2/10/98

Royal Dutch Shell Group of Companies

Where in GAP      Zone A Block 96-18

What doing          Testing a deep play in the central zone.  (Shell Transport & Trading Co. PLC) Well Kelp Deep-1 has been plugged and abandoned (1998). Failed to encounter commercial quantities of hydrocarbons. Has 25% stake. Mobil is operator with 25%, Statoil 25%, Hardy (13%), Mitsubishi Oil co (12%) .

Working with?     Mobil, Statoil, Mitsubishi, Hardy Oil

Info. source         Arab Press Service Review Gas Market Trends  4/28/97; AFX News 5/6/1997

Royal Dutch Shell Group of Companies

Where in GAP      Zone A Block 91-02

What doing          Production sharing contract approved in 1992. Originally 50%/50% with Chevron but Chevron withdrew from the permit in 1994.

Info. source         World Oil 8/92; Chevron 10K 3/31/95

Royal Dutch Shell Group of Companies

Where in GAP      Zone A blocks 95-19 and 96-20

What doing          Has 1/3 in both together with Broken Hill Proprietary(1/3)  and Woodside Petroleum (1/3). The first well is likely to be drilled in 5/97.

Working with?     Broken Hill Proprietary, Woodside Petroleum

Info. source         11/19/96  Energy alert

Santos Pty Ltd

Where in GAP      Zone A Block 91-12. Kakatua and Elang Fields, Undan and Bayu fields

What doing          BHP has found and operates most of the oil-bearing structures in the Timor Gap. A first Jalak well in 1995 was to test Tithonian sands and wells were drilled at the other structures. By early 1995 BHP had drilled three wildcats at Elang. BHP recorded more than 100m barrels of very light oil and conducted further Elang drilling in 1995-96. Now Elang and Kakatua fields are being developed. They will begin oil production in early 1998. Output would initially average about 17,000 b/d, which will rise at a later phase to about 25,000 b/d. Eventually they will develop the other fields in the region and link them to a central production system. Go-ahead received in early 1997 from the Joint Development Authority for these fields. First development approved in the Zone since its establishment in 1989. BHP has 42.4% and is operator, Santos (21.4%), Inpex Sahul (21.2%), Petroz (13.3%), Emet (1.4%) are partners. Other ZOC fields awaiting further development are "Petroz and partners'"(asume ones mentioned above) Undan and Bayu gas and condensate fields also in 91-12.

$ Involved            $73,000,000

Working with?     Broken Hill Proprietary, Inpex Sahul, Petroz, Emet

Info. source          Arab Press Service Review Gas Market Trends 4/28/97, Offshore 4/97

Santos Pty Ltd

Where in GAP      Zone A Block 91-01

What doing          Exploration. Joint venture (has 20%)  Includes Broken Hill Proprietary (operator)  Exploration well plugged and abandoned 7/27/97. In 91-01 Inpex Timor Sea, Ltd (20%), Woodside (20%), Broken Hill Proprietary (40%).

Working with?     Broken Hill Proprietary, Woodside, Inpex Timor Sea Ltd

Info. source          AAP Company News 7/31/97

Santos Pty Ltd

Where in GAP      Zone A Block 91-13

What doing          Partners with Phillips Petroleum (and others) which has ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu. In late march 1997 Phillips agreed with BHP Petroleum and ZOCA that BHP will be the operator for Bayu/Undan. (prior to this Phillips Petroleum had the adjacent ZOCA 91-13 where the gas/condensate field Undan is connected with Bayu.) Phase 1 production is expected to begin in 2001 at 40,000 b/d of condensate and LPG from a fixed platform. . Phase 2 by 2002 will produce 3m t/y of LNG.

Working with?     Phillips Petroleum, BHP Petroleum,  Oryx Energy, Hardy Oil, Inpex, Petroz, Emet

Info. source         Arab Press Service Review Gas Market Trends  4/28/97

SOCDET Petroleum

Where in GAP      Zone A block 96-16

What doing          Extensive technical review of 7,500 kilometers of existing seismic together with all relevant existing wells was conducted by independent petroleum consultants RobSearch Australia for the joint venture and has defined 14 prospects and leads in the permit. Of these, the major prospects were estimate to have the potential to cumulatively reservoir more than 1 billion barrels of oil reserves. Includes Foyle and Coleraine Prospects. Discussions are in progress with major industry companies to fund exploration wells on one or more of the major prospects later in the year. Working with Trans Orient Petroleum Ltd and Norwest Energy NL NOTE: West Oil NL, through wholly owned subsidiary ZOCA Pty Ltd holds a 33 1/3% working interest in ZOCA 96-16 which is operated by Moondance Energy Pty Ltd (name changed to NEW (ZOCA 96-16) Pty Ltd 7/98) (subsidiary of Norwest Energy NL). (AAP Newsfeed 7/27/98). Change of

Working with?     Trans Orient Petroleum Ltd and Norwest Energy NL,  RobSearch Australia (consultant)

When                     1998

Info. source           Business wire 1/29/98, Disclosure report 1998; AAP Newsfeed 9/15/1997; AAP Newsfeed 7/27/1998

Sodec Timor Co. Ltd.

Where in GAP      Zone A Block 91-03

What doing          Has 11.67%, Petroz NL through Gulf Australia (Timor Sea) pty Ltd has 15% of block. Woodside's interest in ZOCA is 40%. Other participant is Shell Development Proprietary Ltd (33.33%).

Working with?     Petroz NL, Woodside, Shell

Info. source         AAP Newsfeed  2/10/1998

Statoil

Where in GAP      Zone A  Block 95-18

What doing          Testing a deep play in the central zone.  Well Kelp Deep-1 has been plugged and abandoned (1998). Failed to encounter commercial quantities of hydrocarbons. Has 25% stake. Mobil is operator with 25%, Shell 25%, Hardy (13%), Mitsubishi Oil co (12%) .

Working with?     Mobil, Shell, Mitsubishi, Hardy Oil

Info. source         Arab Press Service Review Gas Market Trends 4/28/97;   Offshore 3/1998; Europe Energy 1/23/98; AFX 5/6/97

Trans-Orient Petroleum Ltd.

Where in GAP      Zone A Block 96-16

What doing          Holds 33% interest. Includes Foyle and Coleraine Prospects. Extensive technical review of 7,500 kilometers of existing seismic together with all relevant existing wells was conducted by independent petroleum consultants RobSearch Australia for the joint venture and has defined 14 prospects and leads in the permit. Of these, the major prospects were estimate to have the potential to cumulatively reservoir more than 1 billion barrels of oil reserves. Discussions are in progress with major industry companies to fund exploration wells on one or more of the major prospects later in the year. Working with Norwest Energy NL (operator with 33 1/3% equity) and Socdet Management Ltd. NOTE: West Oil NL, through wholly owned subsidiary ZOCA Pty Ltd holds a 33 1/3% working interest in ZOCA 96-16 which is operated by Moondance Energy Pty Ltd (name changed to NEW (ZOCA 96-16) Pty Ltd 7/98) (subsidiary of Norwest Energy NL). (AAP Newsfeed 7/27/98). Change of ownership????

Working with?     Norwest Energy NL and Socdet Management Ltd.,  RobSearch Australia

Info. source         Business wire 1/29/98, Disclosure report 1998; AAP Newsfeed 7/27/1998

West Oil NL

Where in GAP      Zone A Block 96-16

What doing          Through wholly owned subsidiary ZOCA pty Ltd holds 33 1/3% working interest in this block which is operated by Moondance energy Pty Ltd, subsidiary of Norwest Energy NL. NOTE: West Oil NL, through wholly owned subsidiary ZOCA Pty Ltd holds a 33 1/3% working interest in ZOCA 96-16 which is operated by Moondance Energy Pty Ltd (name changed to NEW (ZOCA 96-16) Pty Ltd 7/98) (subsidiary of Norwest Energy NL). (AAP Newsfeed 7/27/98). Change of ownership???? This contradicts other information that indicates this block is held by Norwest Energy, Trans-Orient Petroleum and SOCDET Petroleum.

Working with?     Norwest Energy NL

Info. source          AAP Newsfeed 7/27/98

Woodside Petroleum Ltd

Where in GAP      Zone A Block 91-03

What doing          Operating Perseus gas field, evaluating its production potential (55% interest).  2/10/1998 AAP wire says: “Woodside’s interest in ZOCA 91-03 is 40%. Other participants are Shell Development Proprietary Ltd (33.33%), Gulf Australia (Timor Sea) Pty Ltd (15%) and Sodec Timor Co. Ltd (11.67%)”. Gulf Australia Pty Ltd is a subsidiary of Petroz.

Working with?     Broken Hill Proprietary, British Petroleum, Shell

Info. source         BP 20-F SEC Filing 4/1/1997, Extel Cards Database 9/23/1997; AAP Newsfeed 2/10/1998

Woodside Petroleum Ltd

Where in GAP      Zone A Block 91-01

What doing          Exploration. Joint venture (has 20%)  Includes Broken Hill Proprietary (operator)  Exploration well plugged and abandoned 7/27/97. In 91-01 Inpex Timor Sea, Ltd (20%), Santos Pty Ltd (20%), Broken Hill Proprietary (40%).

Working with?     Broken Hill Proprietary, Inpex Timor Sea, Ltd, Santos Pty Ltd

Info. source         Extel Cards Database 9/23/1997; AAP Company News 7/31/1997

Woodside Petroleum Ltd

Where in GAP      Zone A Block 96-20

What doing          Exploration. Holds 33.3% interest and Shell (1/3) and Broken Hill Proprietary (1/3) The first well is likely to be drilled in 5/97.

Working with?     Shell, Broken Hill Proprietary

Info. source         9/23/1997 Extel Cards Database; 11/19/96 Energy Alert

Woodside Petroleum Ltd

Where in GAP      Zone A Block 95-19 Sunset West-1 exploration well, in the Bonaparte Basin

What doing          Testing well to be plugged and abandoned after testing completed. Woodside's interest in ZOCA 95-19 is 33 1/3%, and BHP Petroleum Inc. 33 1/3% and Shell Development Proprietary Ltd 33 1/3%.

Working with?     BHP Petroleum, Shell Development Proprietary Ltd.

Info. source         Australian Associated Press Newsfeed 5/18/98

The Timor-Leste Institute for Development Monitoring and Analysis (La’o Hamutuk)
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