Sunda Energy lc has been awarded an environmental licence to drill the Chuditch-2 gas appraisal well, on the TL-SO-19-16 production sharing contract, offshore Timor-Leste. DRILLING The company said that the licence, awarded on 9 March, was valid until 9 March 2028. The licence is also subject to conditions, which include submission of a waste management […]
Tag: TL-SO-19-16 – production sharing contract – Chuditch gas field Timor-Leste
Sunda raises up to $9m to drill Chuditch
Sunda Energy plc has conditionally raised up to US$9 million and signed a farm-in agreement for the Chuditch gas field, offshore Timor-Leste. JURASSIC The fundraise is through the issue of unsecured convertible loan notes with three institutional investors. Drawdowns in tranches will pay for a jack-up rig to drill an appraisal well scheduled for July […]
Baron Oil renamed as Sunda Energy
Sunda Energy plc has been registered as the new name for Baron Oil plc. The company is currently preparing financing to drill an appraisal well in the Chuditch field, offshore Timor-Leste. In June, Sunda entered year three of the production sharing contract and aims to begin planned operations in 2025.
Baron enters year three of Chuditch PSC
Baron Oil plc has entered year three of the Chuditch production sharing contract as it continues to prepare financing for an appraisal well, offshore Timor-Leste. DISCUSSIONS Subsidiary SundaGas holds a 60% working interest in the joint venture with state-owned Timor Gap Chuditch Unipessoal Lda. For the third year, which began on 19 June, the partners […]
Baron Oil to change company name
Baron Oil plc plans to change its name to Sunda Energy plc, reinforcing its “unambiguous” focus on southeast Asian energy markets. DEMAND The company’s project is the offshore Timor-Leste TL-SO-19-16 production sharing contract, where the Chuditch-2 appraisal well is due to be drilled. Baron said it was concentrating on potential Chuditch drill funding partners and […]
Baron chooses new Chuditch-2 drill site
Baron Oil plc has chosen a new drill location after finding the original site unsuitable for a jack-up rig for the Chuditch-2 appraisal well, offshore Timor-Leste. DRILL PLANS A now completed geotechnical survey, focused on physical studies of the seabed, revealed that the initial chosen area was an irregular seabed unsuitable for a jack-up drilling […]