此次交易使得东帝汶国有石油天然气公司TIMOR GAP能够在该项目的剩余经济寿命内参与Bayu-Undan合资企业（JV）。

Bayu-Undan 的生产分成合同将于 2026 年 6 月 30 日或停止生产时终止（以先到者为准）。

Bayu-Undan的上游项目包括东帝汶的一个海上石油田及相关的生产和加工设施。

巴渝-温丹油田于 2004 年投入运营，位于达尔文西北约 500 公里处，一直是东帝汶的主要收入来源，贡献了超过 250 亿美元的收入并提供了约 350 个工作岗位。

该项目根据与电力和水务公司签订的天然气销售协议向澳大利亚市场供应天然气，同时还生产有价值的液体。

此次交易完成后，桑托斯在该项目中的股份将从43.4%降至36.5%。

同样，其他合资伙伴的股份也将进行调整，SK E​​&S的股份降至21%，INPEX的股份降至9.6%，埃尼的股份降至9.2%，东京帝汶海资源的股份降至7.6%。

Santos 董事总经理兼首席执行官 Kevin Gallagher 表示：“我们一直希望 TIMOR GAP 成为 Santos 的合作伙伴，并期待着他们成为 Bayu-Undan 合资企业的参与者。该项目为当地创造了就业机会，为政府创造了收入，并推动了建设更强大、更具弹性的社区的投资。”

“我们很高兴签署了与此次交易相关的协议。Bayu-Undan 油田的表现继续超出了其生产寿命的预期。”

桑托斯计划与东帝汶及合资伙伴合作，在石油生产停止后将巴渝-温丹场址重新利用成为一个大型商业碳捕获和储存项目。

该倡议得到上个月签署的谅解备忘录的支持，旨在通过向亚洲提供碳管理服务继续提供收入、就业和商业机会。

在线阅读文章：https://www.oilfieldtechnology.com/drilling-and-production/19092024/santos-set-to-transfer-16-interest-in-bayu-undan-upstream-project-to-imor-gap/

This transaction allows TIMOR GAP, the state-owned oil and gas company of Timor-Leste, to participate in the Bayu-Undan joint venture (JV) for the project's remaining economic life.

The production-sharing contract for Bayu-Undan is set to terminate on 30 June 2026 or upon the cessation of production, whichever comes first.

Bayu-Undan’s upstream project consists of an offshore petroleum field and associated production and processing facilities in Timor-Leste.

The Bayu-Undan field, operational since 2004 and located about 500 km north-west of Darwin, has been a key revenue generator for Timor-Leste, contributing more than US$25 billion and supporting around 350 jobs.

The project supplies gas to the Australian market under a gas sales agreement with Power and Water Corporation while also producing valuable liquids.

Following the completion of this deal, Santos' stake in the project will decrease from 43.4% to 36.5%.

Similarly, the shares of other JV partners will also be adjusted, with SK E&S' interest reducing to 21%, INPEX's to 9.6%, Eni's to 9.2%, and Tokyo Timor Sea Resources' to 7.6%.

Santos Managing Director and CEO Kevin Gallagher said: “I have long wanted to see TIMOR GAP as a partner of Santos and look forward to welcoming them as a participant in the Bayu-Undan JV. The project has created local jobs, it has generated revenues for government and driven investment in building stronger and more resilient communities.

“We are delighted to have executed agreements relating to this transaction. The Bayu-Undan field continues to perform beyond expectations of its productive life.”

Santos has plans to collaborate with Timor-Leste and the JV partners to repurpose the Bayu-Undan site into a major commercial carbon capture and storage project after the cessation of petroleum production.

This initiative, supported by a memorandum of understanding signed last month, aims to continue providing revenue, jobs, and business opportunities by offering carbon management services to Asia.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/19092024/santos-set-to-transfer-16-interest-in-bayu-undan-upstream-project-to-imor-gap/