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Database on Companies in the Timor GapThe 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 Although this data has become outdated due to subsequent contracts, mergers, and sales, it contains useful information, although it should be verified with more recent sources.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:
Link to comprehensive listing of all OilWeb information on companies.
BP Amoco PLCWhere 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 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 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 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 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 PLCWhere 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 Enterprise Oil PLCWhere 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 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 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 Inpex Timor Sea LtdWhere 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 Inpex SahulWhere 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 Inpex SahulWhere 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 Inpex SahulWhere 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 JAPEXWhere 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 MarathonWhere 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. 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 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. LtdWhere 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 Norwest Energy NLWhere 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. |
The Timor-Leste Institute for Development Monitoring and Analysis (La’o Hamutuk) |
