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Oil Companies in the Timor Sea

Many international oil companies are active in the Timor Sea, and OilWeb includes information about some of the most important. In some cases, you will need to be connected to the internet to follow all the links and get all the graphics from the company websites.

In 1999, the East Timor Action Network (ETAN) arranged for the Data Center, a U.S.-based research NGO, to do a search of the industry media for information about companies involved in the Timor Gap. Click here for a compilation of their findings.

Contents of this file

bulletBharat Petroleum Corp
bulletBHP Billiton
bulletConocoPhillips (formerly Phillips Petroleum)
bulletEni (Agip)
bulletGALP Exploração e Produção Petrolífera
bulletGujarat State Petroleum Corp
bulletIndian Oil Corporation Ltd (IOC)
bulletINPEX
bulletKerr-McGee
bulletKorea Gas Corp
bulletLG International Corp
bulletMinza Oil Ltd
bulletOil India Ltd
bulletOilex
bulletOsaka Gas
bulletPaladin Resources
bulletPetróleo Brasileiro (Petrobras)
bulletPetronas Carigali
bulletPetroTimor
bulletReliance Industries Limited
bulletSamsung Corp
bulletSantos
bulletShell
bulletTalisman
bulletTokyo Electric Power Company, Inc. (TEPCO)
bulletTokyo Gas Company, Ltd.
bulletVideocon Industries Ltd
bulletWoodside
bulletZetex NV

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ConocoPhillips (formerly Phillips Petroleum) (USA)

Phillips Petroleum merged with Conoco in mid-2002 to form ConocoPhillips. The United States company operates Bayu-Undan and some smaller Timor Sea oil and gas fields. It also owns a share of Sunrise.

bulletLa’o Hamutuk Bulletin Summary, 2002
bulletAnnual reports: 2001 and fact book; 2002 and fact book; 2003; 2004 also in Bahasa Indonesia; 2005; 2006 also in Bahasa Indonesia;
bullet1999 ETAN/Data Center company database
bullet1997 Review of technology for deepwater pipelines
bulletBayu-Undan: Catalyst for a New Energy Province by Phillips CEO Mulva at Australia Petroleum Conference (2000)
bullet2000 Press release on Multiplex BU-Darwin pipeline
bulletNovember 2001 Slide Presentation on the upcoming ConocoPhillips Merger (PDF)
bulletApril 2002 Presentation by CEO Mulva on merger (PDF)
bulletBayu-Undan oilfield map from Phillips
bullet

Extensive Phillips website on Bayu-Undan, with many photos
Project updates: 1999, 2000, 2001, 2002
Slide show 1 (7 October 2000), show 2 (13 March 2000) on Bayu-Undan project status

bulletOffshore Technology information on Bayu-Undan project (2 screens)
bulletSeptember 2002 press release "Jobs and Revenue Already Flowing from Bayu-Undan"
bulletPhillips' Submission to Australian Parliament on Timor Sea Treaty
bulletForm 10Q Quarterly Report for 3Q 2002 to U.S. government (PDF)
bulletForm 10K Annual Report for 2002 to U.S. government (PDF)
bulletFirst quarter 2003 interim Report (PDF)
bullet2003 Annual Meeting Proxy Statement (PDF) with bios of Directors
bullet2004 Capital Budget approved Dec. 2003
bulletEarnings report for fourth quarter and all of 2003 28 January 2004 new release (PDF)
bulletConocoPhillips replaces 106% of 2003 production 23 February 2004
bulletConocoPhillips says plans $6.9-bil in 2005 capital spending 10 December 2004
bulletSustainable development report, May 2005
bulletConocoPhillips Profit Surges on Oil Prices, NY Times, 25 January 2006
bulletConocoPhillips expansion plans for Sunrise and LNG (three articles), Dow-Jones, The Australian and Global Insight 19-20 June 2006
bulletConocoPhillips FactBook, June 2006
bulletFirst Payment of Profit Oil from Bayu-Undan, TSDA Press release, 18 Dec. 2006
bulletBayu-Undan and Darwin LNG: One Year On, (Northern) Territory Quarterly (January 2007)
bulletAustralia's Top Engineering Award Goes to Bayu-Undan Partners Fluor Corp., (Feb. 2007)
Award citation
bulletProsecutor, Oil Lobbyist Co-Bought Home, February 15, 2007
bulletTSDA: Potential for continued oil recovery from Elang-Kakatua, May 2007
bulletConocoPhillips to exit Elang-Kakatua oilfield in Timor Sea, May 2007
bulletEzra clinches milestone contract for first heavy lift accommodation/pipelay vessel,19 June 2007
bulletConocoPhillips submission on draft Timor-Leste Local Content regulation, 19 June 2007
bulletMODEC redeploys FPSO MODEC Venture 1, 27 August 2007
bulletConocoPhillips Sustainable Development Report 2006, October 2007
bullet(ConocoPhillips CEO) Mulva predicts progress at Sunrise development and Action is behind the scenes for LNG sector,  January 2008

Royal Dutch Shell (Netherlands/UK)

bulletLa’o Hamutuk Bulletin Summary, 2002
bullet1999 ETAN/Data Center company database
bulletAnnual reports: 200220032004 (and summary),  2005
bulletOil = Death environmentalist view of Shell in Nigeria, Colombia, etc.
bulletSubmission to Australian Parliament on Timor Sea Treaty
bulletMeeting the Energy Challenge: The Shell Report 2002 (PDF)
bulletFinancial and Operational Information 1998–2002 (PDF)
bulletFourth Quarter 2003 and full year press release and financial results (both PDF)
bulletShell's Top Executive Forced to Step Down (NYT 4 March 2004) for overstating reserves
bulletShell: Greater Sunrise stands to lose if floating LNG plan sinks, OGN, June 2004
bulletIn March 2005, Shell sold its shares in Laminaria/Corallina to Paladin and Woodside.
bulletNigeria: Shell told to pay $1.5 bln damages, February 2006
bulletFinancial and Operational Information 2001-2005, June 2006
bulletSustainability Report 2005, April 2006
bulletShell sells part of its share in Evans Shoal to Petronas, September 2007

Woodside (Australia)

bullet

La’o Hamutuk Bulletin Summary, 2002

bullet

Annual reports:

bullet

2000

bullet

2001 excerpts, financials, complete, Corporate information (Board, procedures, committees, etc.), Slide presentation of 2001 plans (PDF), Five-year comparative data summary 1997-2001 (PDF)

bullet

2002 concisefinancial and Ten-year summary

bullet

2003 Concise, financials, Net Profit report, Investor Briefing on 2003 results, Reserves Statement, Concise Financial Report for 2003, Appendix 4E of Preliminary Final Report for 2003.

bullet

2004 Concise, financials, complete; net profit report  Briefing on 2004 results

bullet

2005 Concise and Financials

bullet

2006 Concise, Financials and Reserves StatementRecord net profit report. CEO's_slideshow and speech at AGM

bullet

2007 Concise, Net profit press release. CEO's_slideshow at AGM

bulletQuarterly ASX reports for Q4 2004, Q1 2005, Q2 2005, Q3 2005, Q4 2005, Q1 2006, Q2 2006, Q3 2006, Q4 2006, Q1 2007, Q2 2007, Q3 2007, Q4 2007, Q1 2008.
bulletHalf-year reports: 2003, 2005 announcement and presentation2006 and press release on profit increases; First half 2007 presentation
bullet1999 ETAN/Data Center company database
bulletOffshore Technology information on Laminaria project outside the JPDA but inside ET's claimed EEZ.
bulletLaminaria Phase II starts producing, June 2002
bulletWoodside Update on Sunrise Project, June 2002
bulletWoodside submission to Australian Parliament on Timor Sea Treaty (PDF)
bullet"Shaping Up for Growth" Investor briefing on exploration and acquisition plans, December 2002
bulletWoodside Welcomes Timor Sea Agreements press release, March 2003
bullet"The State of the Nation's Oil and Gas" presentation to the Australian Institute of Company Directors reviewing Australia's petroleum resources in a global and economic context, March 2003. (PDF)
bulletPresentation to the conference "Opportunities and Challenges for Oil & Gas and Mining Sectors in Timor-Leste," Dili, March 2003 (Powerpoint).
bullet"Greater Sunrise LNG Development" presentation to Asia LNG Markets conference, Singapore, March 2003. (PDF)
bulletPresentations from November 2003 Woodside Investor Briefing: Commitment to Growth, U.S. Roadshow, Gas Strategy, Australian Gas
bulletWoodside announces deal with Iraqi government, November 2004
bulletWoodside gives up on Greater Sunrise and subsequent articles
bulletWoodside Won't Lift Stake in Timor Sea Oil Fields (Laminaria-Corallina) January 2005
bulletTimor-Leste writes to Woodside asking for information about an oil spill at Laminaria, February 2005
bulletWoodside increases its share in Laminaria-Corallina by buying out Shell, Woodside boosts stake in Timor Sea oil, March 2005
bulletWoodside will join EITI, April 2005
bulletWhy Transparency is Good Business, speech by Woodside CEO Don Voelte to APPEA, April 2005
bulletWoodside conducts exploratory drilling in AC/P8, adjacent to Laminaria-Corallina, June-July, 2005
bulletDemand for natural gas ignites shares of Woodside Petroleum, WSJ December 2005
bulletWoodside 2005 Health, Safety, Environment, and Community Report, April 2006
bulletSpeeches by Woodside Chairman and CEO to Annual General Meeting, April 2006
bulletWoodside is extensively involved in Mauritania, about which OilWeb contains a number of articles, including Mauritania's Poor Skeptical on Oil Riches, Washington Post, August 2005 and Woodside may face probe on Mauritania, The Australian, May 2006
bulletPart of joint venture for Kuda Tasi/Jahal, July 2006
bulletPublic Notice and Production Sharing Contract 06-105 replaced interim PSC JPDA 03-01, July 2006
bulletNan Hai VI explosion and fire, July 2006
bulletWoodside Greenhouse Policy, April 2007
bulletTerritory awaits dawn of Sunrise, July 2007
bulletEast Timor unrest will hamper LNG project, August 2007
bulletWoodside Profit Rises 16 Percent as Oil Fields Start, August 2007
bulletSunrise LNG Development presentation from Woodside, September 2007
bulletWoodside sells its share in JPDA 06-105 to Eni, September 2007
bulletKaroon buys Woodside Acreage in Timor Sea (AC/P8), November 2007
bulletWoodside Investor Briefing (Sunrise excerpts only), 15 November 2007
bulletAnalysis of how much money Australia has made from Laminaria-Corallina. February 2008.
bulletSunrise LNG in Timor-Leste: Dreams, Realities and Challenges.  La'o Hamutuk, February 2008
Including Tetum summary, Powerpoint in English and Tetum, and PDF versions.
bulletWoodside's foot on gas in Timor and Woodside to spend $5b on projects this year, February 2008
bulletWoodside floating LNG plan, May 2008

Petrotimor (Oceanic Exploration) (Portugal/USA/Timor-Leste)

bulletLa’o Hamutuk Bulletin Summary,2002
bulletCompilation of information about and from Petrotimor, updated 2006
bulletSubmission to Australian Parliament on Timor Sea Treaty, 2003
bulletResponse to Patrick Brazil Submission, 2003
bulletDismissal of lawsuit in Australia claiming rights to Timor Sea resources, 2003
bulletLawsuit in the USA alleging that ConocoPhillips bribed Timor-Leste leaders (complaint, docket, SEC filing, denial, motion to dismiss), 2004-2006
bulletAdditional documents and updated docket from USA lawsuit: Judge's order and explanation, ConocoPhillips answer to the allegations, October 2006. The case was moved to Houston, TX in 2007, and then dismissed in April 2008, although Petrotimor is appealing.

BHP (Broken Hill Proprietary) (Australia)

bullet1999 ETAN/Data Center company database
bulletOffshore Technology information on Buffalo project outside the JPDA but inside ET's claimed EEZ.
bulletIn 2004, BHP Billiton sold its share of Laminaria-Corallina to Paladin Resources

Eni (including Agip subsidiary) (Italy)

bulletLa’o Hamutuk Bulletin Summary, 2002
bulletAnnual reports: 2001 Introduction, Exploration and Production, Development Projects2003200420052006 and fact book and Selected Operating Data
bulletEni's Way (corporate overview)
bulletReport on first quarter of 2002, PDF
bulletItalians (Eni) may say arrivederci to Bayu (news report, December 2003)
bulletPreliminary results for 2003, PDF
bulletDescription of Eni operations in "Australia"
bulletEni Strategy 2006-9
bulletBids for Timor-Leste offshore acreage, 2006
bulletEni wins contracts in RDTL exclusive Timor Sea area, June 2006
bulletEni wants Galp to join Timor Sea exploration, July 2006
bulletEni signs contracts with Timor-Leste, texts of contracts, November 2006
bulletRDTL permits Eni to conduct seismic tenders, December 2006
bulletGalp Energia Signs Agreements With Eni For Oil Exploration in Timor and Mozambique, April 2007
bulletEni circulates Environment Plan for 3D_Marine_Seismic_SurveyCover letter.
La'o Hamutuk makes a submission, May 2007
bulletTSDA issues an access permit for Eni Seismic ship to enter into the JPDA adjacent to their blocks, May 2007
bulletEni Submission on draft Timor-Leste Local Content regulation, June 2007
bulletEni buys Woodside's share in JPDA 06-105, September 2007
bulletKitan-1 well strikes oil in JPDA 06-105, March 2008
bulletKitan in spotlight for East Timor, May 2008

Santos (Australia)

bulletLa’o Hamutuk Bulletin Summary, 2002
bullet1999 ETAN/Data Center company database
bulletHoovers Online profile of Santos
bulletAnnual reports: 2001, 2002, 2003, 2004, 2005, 2006.
bulletQuarterly filings with the Australian Stock Exchange (ASX) include information on Bayu-Undan and Elang-Kakatua production and sales for each quarter: 2Q 2004, 1Q 2005, 2Q 2005, 3Q 2005, 4Q 2005, 1Q 2006, 2Q 2006, 3Q 2006, 4Q 2006, 1Q 2007, 2Q 2007, 3Q 2007, 4Q 2007, 1Q 2008.
bullet2006 first half presentation and media release.
bulletReserves Review and Profit Forecast, January 2002 (PDF)
bulletPress release welcoming Timor Sea Treaty entry into force, March 2003 (PDF)
bulletPetrel-Tern field owned and operated by Santos. NT Government fact sheet
bulletEvans Shoal field partly owned by Santos subsidiary Natural Gas Australia Ltd. NT Government fact sheet
bulletDescription of Bayu-Undan Condensate properties
bulletMap of Santos exploration in the Timor Sea (PDF)
bulletSantos press release on final Bayu-Undan approval, June 2003 (PDF)
bulletSantos projections for Bayu-Undan production, December 2003 (PDF)
bulletSantos Focus On Moomba, Timor Sea, Australian Financial Review, January 2004
bulletSantos press release on first condensate shipment from Bayu-Undan, March 2004
bulletRecord $1.5 Billion Santos Revenue, January 23, 2005
bulletDescriptions of Elang-Kakatua, Bayu-Undan and Bayu-Undan LNG from Santos website (June & December 2005)
bullet2005 Presentation and Financial Results, February 2006
bulletSantos Sustainability Report 2006, March 2007
bulletSantos Says LNG May Make Up Half of Output by 2020, April 2007
bulletSantos increases share of Bayu-Undan, also media report, July 2007
bullet2007 Presentation and Financial Results and strategy update, February 2008

Kerr-McGee (USA)

bulletLa’o Hamutuk Bulletin Summary, 2002
bullet1999 ETAN/Data Center company database
bullet2002 Annual Report Part A (PDF)
bullet2002 Annual Report Part B (Financial Review) (PDF)

Osaka Gas (Japan)

bulletCorporate Profile (August 2003), PDF
bulletCorporate Profile (August 2004), PDF
bullet2004 Annual Report

Paladin Resources, plc (U.K.)

bulletBackground and press releases
bullet2003 Annual Report (PDF)
bullet2004 Interim report (PDF)
bullet2004 Annual Report
bulletPaladin increases shares in Laminaria-Corallina and nearby areas, March 2005

Talisman (acquired Paladin in late 2005)

bullet2005 Annual Report (PDF)
bulletPart of joint venture for Kuda Tasi/Jahal, July 2006
bulletPublic Notice and Production Sharing Contract 06-105 replaced interim PSC JPDA 03-01, July 2006
bulletKitan-1 well strikes oil in JPDA 06-105, March 2008

Tokyo Electric Power Company (TEPCO, part of Tokyo Timor Sea)

bulletPress release: Official Participation in Darwin LNG Project, June 30, 2003
bullet2004 Website report on Recent Business Development in LNG

Tokyo Gas Company (part of Tokyo Timor Sea)

bulletPress release: Official Participation in Darwin LNG Project, June 30, 2003
bullet2003 Annual Report (PDF)
bullet2004 Annual Report (PDF)

INPEX (Japan)

bullet2004 Annual Report and Supplemental Documents (PDF)
bulletDescription of Inpex holdings in Timor Sea
bulletInpex financial results 2005
bulletPart of joint venture for Kuda Tasi/Jahal, July 2006
bulletPublic Notice and Production Sharing Contract 06-105 replaced interim PSC JPDA 03-01, July 2006
bulletInpex set to invest $88m in oil exploration (in Masela), May 2007
bulletWood Mackenzie Upstream Insight on Abadi_options and obstacles, July 2007
bulletKitan-1 well strikes oil in JPDA 06-105, March 2008

Petróleo Brasileiro (Petrobras, Brazil)

bulletPetrobras Annual Report, 2004
bulletBids for Timor-Leste offshore acreage, 2006

GALP Exploração e Produção Petrolífera (Portugal)

bulletGALP Annual report, 2004
bulletBids for Timor-Leste offshore acreage, 2006
bulletAsked to join Eni in Timor Sea, July 2006
bulletGalp Energia Signs Agreements With Eni For Oil Exploration in Timor and Mozambique, April 2007

Reliance Industries Limited (India)

bulletFortune Global 500, 2005
bulletCorporate Governance report, 2005
bulletReliance Annual Report 2006/07, September 2007
bulletMap of offshore exploration blocks in India
bulletBids for Timor-Leste offshore acreage, 2006
bulletReliance wins contract in RDTL Timor Sea, June 2006
bulletReliance signs contracts with TL, text of contracts, November 2006
bulletReliance, Videocon sign separate pacts in Timor, November 2006
bulletReliance hives off overseas oil projects, March 2007
bulletReliance goes on block buying spree, September 2007
bulletReliance in talks with Indian Oil Company about Area K, October 2007
bulletIOC, Oil India may partner Reliance Ind, December 2007
bulletLa'o Hamutuk submission on Reliance 2D/3D Seismic Survey Environment Plan, March 2008

Indian Oil Corporation Limited (India)

bulletIOC Corporate Governance Philosophy, August 2007
bulletReliance in talks with Indian Oil Company about Area K, October 2007
bulletIOC, Oil India may partner Reliance Ind, December 2007

Oil India, Ltd. (India)

Petronas Carigali (Malaysia)

bulletFortune Global 500, 2005
bulletPetronas Annual Reports, 2006, 2007
bulletBids for Timor-Leste offshore acreage, 2006
bulletLeader of joint venture with Korea Gas Corp, Samsung Corp and LG International Corp which won a contract in the TSDA in August 2006.
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-102, 30 October 2006.
bulletShell sells part of its share in Evans Shoal to Petronas, September 2007
bulletPetronas Group Sustainability Report, July 2007
bulletTSDA grants Petronas an exception to competitive bidding to do seismic research with the CGC/Veritas "Orion," August 2007

Korea Gas Corp (South Korea)

bullet2005 Annual Report
bulletPart of joint venture led by Petronas, including Samsung Corp and LG International Corp which won a contract in the TSDA in August 2006.
bulletS. Korean energy developer to explore gas field in Timor-Leste, October 2006
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-102, October 2006

Samsung Corp  (South Korea)

bulletDescription of Samsung Energy and Resources Division
bulletPart of joint venture led by Petronas, including Korea Gas Corp and LG International Corp which won a contract in the TSDA in August 2006.
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-102, October 2006

LG International Corp (South Korea)

bulletAnnual report 2005
bulletPart of joint venture led by Petronas, including Korea Gas Corp and Samsung Corp which won a contract in the TSDA in August 2006.
bulletFrom LG website: Energy, Overseas operations
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-102, October 2006

Oilex NL (Australia)

bulletAnnual report 2006, September 2006
bulletLeader of joint venture with Bharat Petroleum Corp, Videocon Industries Ltd, and Gujarat State Petroleum Corp which won a contract for block 103 in the TSDA in August 2006.
bulletOilex letter to ASX upon receiving TSDA contract award, 17 August 2006
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-103, November 2006
bulletOilex description of JPDA 06-103, January 2007
bulletTSDA grants Oilex an exception to purchase 3D seismic data from Fugro, May 2007
bulletWavefield Inseis secures JPDA seismic contract and related articles, July 2007 - January 2008
bulletAnnual Report 2007, September 2007
bulletTSDA grants Oilex an exception to competitive tender to hire Enquest to provide quality control during seismic survey, September 2007.
bulletOilex requests and receives TSDA permission for a sole-source drilling contract to Transocean in area JPDA 06-103, April 2008.

Bharat Petroleum Corp (India)

bulletPart of joint venture led by Oilex, including Videocon Industries Ltd and Gujarat State Petroleum Corp which won a contract in the TSDA in August 2006.
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-103, November 2006
bulletBharat Petroleum Annual Report 2006-2007, August 2007

Videocon Industries Ltd  (India)

bulletAnnual report 2004-5
bulletPart of joint venture led by Oilex, including Bharat Petroleum Corp and Gujarat State Petroleum Corp which won a contract in the TSDA in August 2006.
bulletVideocon future plans web page, October 2006
bulletReliance, Videocon sign separate pacts in Timor, November 2006
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-103, November 2006
bulletVideocon Industries Annual Report 2005-6, January 2007
bulletVideocon to start drilling operations in Timor block next year, August 2007

Gujarat State Petroleum Corp (India

bulletAnnual report 2004-5
bulletPart of joint venture led by Oilex, including Bharat Petroleum Corp and Videocon Industries Ltd which won a contract in the TSDA in August 2006.
bulletGSPC is 95% owned by the state of Gujarat, India. Company at a glance.
bulletPublic Notice Summary and Production Sharing Contract JPDA 06-103, November 2006

Minza Oil Ltd

bulletWon a contract in the TSDA in August 2006. No other information available.
bulletPublic Notice Summary and Production Sharing Contract 06-101A were awarded without an invitation for the northern part of area 06-101, including the Chudditch field and nearby structures, on 16 August 2006 and signed on 30 October 2006.

Zetex NV

bulletWon a contract in the TSDA in August 2006. No other information available

The Timor-Leste Institute for Development Monitoring and Analysis (La’o Hamutuk)
Institutu Timor-Leste ba Analiza no Monitor ba Dezenvolvimentu
Rua D. Alberto Ricardo, Bebora, Dili, Timor-Leste
P.O. Box 340, Dili, Timor-Leste
Tel: +670-3321040 or +670-77234330
email: 
info@laohamutuk.org    Web: http://www.laohamutuk.org    Blog: laohamutuk.blogspot.com