Baron Oil initiates survey for Chuditch-2 well offshore Timor Leste

London-listed Baron Oil announced on February 12 that its subsidiary, SundaGas Banda Unipessoal, has signed contracts to conduct a survey at the proposed drilling location for the Chuditch-2 appraisal well offshore Timor Leste.

Scheduled to take place during February and early March 2024, the site survey aims to identify potential hazards at the planned well site. By engaging in dialogues with other companies operating in the region, SundaGas has successfully explored operational synergies, leading to a partnership for acquiring the site survey with a nearby operator.

Baron Oil highlighted that the objective of the survey is to minimise environmental impact while ensuring the safe placement of the drilling rig. Discussions with industry partners have enabled SundaGas to collaborate effectively, optimising resources and expertise for the Chuditch-2 appraisal well project.

Baron Oil recently concluded the divestment of a 15% stake in the Chuditch production sharing contract (PSC) offshore Timor-Leste to Timor Gap, the national oil company of Timor-Leste.

The Chuditch PSC is located approximately 185 km south of Timor-Leste, 100 km east of the producing Bayu-Undan field, and 50 km south of the planned Greater Sunrise development. It covers an area of approximately 3,571 km2, in water depths of 50-100 m, and contains the Chuditch-1 gas discovery drilled by Shell in 1998.