Offshore Field Development Projects
Bazartete
Operator:Oilex
Water Depth:n/a
Region:Australia
Country:Australia
Last Updated:Jan 25, 2013    (view update history)
Project Description
The Bazartete prospect has been selected as the next exploration well to be drilled in JPDA 06-103.
The Bazartete prospect has been selected as the next exploration well to be drilled in JPDA 06-103.
Activities
Status Updates
Timor Leste ANP Extends JDPA 06-130
Type: Operator Update

Jan. 2013 - The National Petroleum Authority of Timor Leste made the decision to extend the expiration date for Joint Petroleum Development Area (JDPA) 06-130 until January 15, 2014. A condition of the extension is that Oilex, operator of the JDPA joint venture, is required to secure a drilling rig by June 25, 2013 to drill an exploration well at the Bazartete prospect. The well will be the third JDPA commitment well. Bazartete has been assessed to have the potential to hold mean prospective oil resources of approximately 70 million barrels. Oilex maintains a 10 percent interest in the joint venture.

Oilex Plans to Drill Bazertete, Tutuala Prospects by Year-End
Type: Status Update

May. 2012 - Oilex has finalized evaluation of the Bazartete and Tutuala prospects which have both emerged as attractive drilling candidates, according to the company. The Bazartete prospect has been selected by the Joint Venture participants as the third commitment well based on an assessment of a higher chance of success than Tutuala and proximity to potential oil charge modeled from the southern part of the contract area based on offset well calibration. Oilex estimates mean recoverable resources for Bazartete (within JPDA06-103) of 65 MMbbls with an upside of 164 MMbbls. Subject to rig availability, drilling is targeted for 3Q 2012.

Bazartete
Bright Spot - Jan 2011 to -

Update History
The SubseaIQ Team works everyday to provide you with the latest information on the offshore field development market. The following table provides you with a detailed record of each addition and update made to this project by the SubseaIQ team.
UPDATE TYPE DATE DAYS AGO
Project Description Added Jan 25, 2013 667
Field Updated Jan 25, 2013 667
Activity Added Jan 25, 2013 667
Field Updated May 23, 2012 914
Activity Added May 23, 2012 914
Field Added Jan 11, 2012 1047
Field Status Added Jan 11, 2012 1047
Field Status Updated Jan 11, 2012 1047

    Project Update History Search - View all the lastest updates made by the SubseaIQ team.
 
 
 
Field Name Bazartete
Discovery Date
Block JPDA 06-103
Reserve Type n/a
Current Status Bright Spot
Production Start
Water Depth n/a