RE: TL Cabinet meeting today21 Feb 2024 10:32
Due to the TL Waters of the Timor Sea being the JPDA , Joint Petroleum DISPUTED Area, little ended up being developed and still the same due to the politics since Maritime boundaries settled between TL , OZ and Indonesia.
Wider Bayu area R cherry picked by Santos and Area P by Eni, in the otherwise DISASTER of a bid round 2 1/2 years with only 9 bids on 7 huge licenses of 18 available (Nigeria same period 1,600+ bids on 58 licenses) based on what has been discovered from the 70's and onward , in the OZ/Indo Timor Sea areas, they along with Chuditch, all on trend with those dozens of OZ/Indo discoveries, many monsters amongst them.
Area opens back up and all bets are off, Sunrise 1974 , Chuditch 1998, Kelp 1998 (mobil 10.5 - 14.5 TCF monster left behind)
Additionally area P , long thought to hold the petroleum kitchen that feeds both Chuditch and Sunrise, as said the two that stayed Santos/ENI cherry picked and also have their own Timor Sea JV, so will share the spoils as they have at Bayu.
Current dual pipeline project NEW input pipeline to Darwin , wastes from Darwin to Bayu via now defunct production pipeline, is set for HUB at Barossa but has already been mentioned nearby Evans Shoal (ENI) will also utilise the new input HUB.
ENI/Santos/Sk Korea JV , primed but will they be allowed to flow TL Waters to their own HUB pipeline to their own currently idle Darwin refinery, or not?, hence much delay in signing off on those PSC's due long ago, ENI recently signed still not seen anything on area R Santos. Took over Bayu but have conducted zip otherwise during the two decade impasse, like everyone else, waited on local developments and the politics to sort their π© out. π