Baron Oil plc’s subsidiary has secured a six-month extension to the production sharing contract ahead of committing to drilling the Chuditch-2 appraisal well, offshore Timor-Leste. PREPARATIONS The PSC for the company’s wholly owned subsidiary and operator SundaGas Banda Unipessoal Lda now ends on 18 June 2024. A formal decision on whether to enter the drilling phase for […]
Tag: appraisal well
Baron Oil secures first step to drill-test Chuditch-2
Baron Oil plc has secured the first step for approval to drill and test the Chuditch-2 appraisal well planned for late 2024 offshore Timor-Leste. PREPARATIONS The company’s wholly owned subsidiary SundaGas Banda Unipessoal Lda, which operates the TL-SO-19-16 production sharing contract, will now submit a terms of reference including initial public consultations. This forms the […]
Baron granted more time for Chuditch decision
Baron Oil plc plc has received a six-month extension for preparations before deciding whether to drill an appraisal well on the TL-SO-19-16 ‘Chuditch’ production sharing contract (PSC), offshore Timor-Leste. EVALUATIONS The new expiry date of 18 December 2023 has been given to the company’s subsidiary and operator SundaGas Banda Unipessoal Lda. A subsequent commitment, on […]
Europa-i3 to abandon Serenity SA02 well
Europa Oil & Gas (Holdings) plc said that, following “disappointing” results, it would abandon and plug the SA02 well in the joint venture Serenity field. STRATEGY The company owns 25% of the project with operator i3 Energy plc holding 75%. The gross well cost is forecast to be £10.4 million with an estimated total cost […]