Oceanic Exploration Feasibility Study for the East Timor Pipeline

3. LOCATION

3.1 RESERVES

The Bayu Undan and Sunrise fields are in the Timor Sea. There approximate locations are indicated in drawing A-0129.01-DWG-001 Appendix 1.

It is estimated that the fields contain the following reserves:

In addition to these fields, the following fields in the vicinity have been discovered but are as yet undeveloped.

These fields represent a significant reserve of petroleum products. There are numerous options for developing these fields, such as FPSO's, floating LNG, and tie-backs to landfalls.

As stated previously (section 1), the purpose of this report is to consider the option of delivering the reserves via a pipeline to shore.

NEXT SLIDE