Bayu-Undan gas project to proceed

The Joint Authority for the Timor Gap Zone of Cooperation has approved the development plan for Phillips Petroleum Co.'s Bayu-Undan gas recycle project. The six partners in the project can now begin engineering, procurement, and construction activities.This $1.4 billion gas recycle project will involve gas and liquids production from Bayu-Undan offshore field, plus processing and storage of condensate, propane, and butane, as well as reinjection of dry gas into the reservoir. First liquids production from the project is expected in late 2003, and full commercial production in early 2004.Bayu-Undan is a gas-condensate field that straddles PSCS 91-12 and PSC 91-13 in Area A of the Timor...

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