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LIFE TIME OF BAY U – UNDAN

JOINT PETROLEUM DEVELOPMENT AREA

Bayu – undan lies in the Timor Sea, 500 km of Darwin and 250 km south of East Timor. It
straddles the boundary between blocks 91-12 (60%), within Area A of the Australia/Indonesia
Zone of cooperation. The fields are located on the same 160km2 structures, in 80m of water.

The operator is Conoco Philips, which has a 56.27% stake, its partners being Eni (12.04), Santos
(10.64%), Inpex (10.53%) and Tokyo electric Power and Tokyo Gas (10.08% each)

Discovery

Bayu was discovered in early 1995, when the bayu- 1 well intersected a 155m gas/condensate
column, at depth of 897m. This tested 2.54m3/day of gas and 5,250bbl of condesate. The follow-
up well,bayu 2, tested 991,00m3/day of gas and 2,000bbl of condensate from 52m interval.

In july 1995, undang was discovered 10km north-westh of bayu

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