BHP GROUP PLANS SKUA DEVELOPMENT PROJECT

A group led by BHP Petroleum Pty. Ltd. has approved a $175 million (Australian) development plan for Skua, the third commercial oil field in the Timor Sea off northwestern Australia. Meantime, a group led by Santos Ltd. is drilling an appraisal to its December 1989 Talbot crude oil and natural gas discovery in the Timor Sea. Plans call for the BHP group to install a floating production/storage system, similar to that used at nearby Jabiru field, to develop Skua field on Permit AC/P2.

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