Project Status

14TH MARCH 2000


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Bayu-Undan Gas Recycle Industry Briefing

The Bayu Undan Gas Recycle Project held an industry briefing on the 14th March. This was a joint initiative between Phillips Petroleum (91-12) Pty Ltd and the ISO.

The 1.4 billion liquid stripping/ lean gas recycle phase makes it the largest investment proposed in the Timor Sea and it’s sheer scale will have a significant impact on suppliers and contractors seeking to do business with the project.

The purpose of the forum was to inform industry about the project, the opportunities that arise from it and the processes the project will be adopting to ensure its success.

The project has made the presentation available to all interested parties for viewing below.

Click here for the presentation of the Bayu Undan / ISO Industry briefing.

 

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR"

PROVISIONS OF THE U.S. PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

The contents of this website contain forward-looking statements made by, or on behalf of, Phillips and the other Unit Participants. Neither Phillips nor the other Unit Participants undertake to update or revise any of these forward-looking statements. These include, without limitation, statements relating to operations, plans, strategies, objectives, expectations and limitations. These statements are not guarantees of future performance or result. Rather, due to risks, uncertainties and other factors, actual results may differ materially from those expressed in any such forward-looking statement. The following are certain (but not necessarily all) important risk factors that could cause actual results to so differ:

Plans to drill wells and develop Bayu-Undan are subject to: the ability to obtain agreements or consents between or from co-venturers and governmental authorities; engaging drilling, construction and other contractors; geological, land or sea conditions; world prices for oil, natural gas and natural gas liquids; applicable law and regulatory requirements; and the availability of economical financing.

Estimates of proved reserves, raw natural gas supplies, and project cost estimates have been developed using the latest available information and data, and recognized techniques of estimating, including those prescribed by the U.S. Securities and Exchange Commission, generally accepted accounting principles and other applicable requirements.


Please note that all references to Phillips or Phillips Petroleum on this page refer to Phillips Petroleum (91-12) Pty Ltd as Unit Operator for the Bayu-Undan development, except as specifically mentioned otherwise.

Copyright 2001 Phillips Petroleum (91-12) Pty Ltd. All rights reserved.
Updated 08/06/04