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Summary

Bonaparte LNG has announced that drilling had begun at the Petrel-7 appraisal well in NT/RL-1 in the Bonaparte Basin, in the Timor Sea.

Bonaparte LNG today announced that drilling had begun at the Petrel-7 appraisal well in NT/RL-1 in the Bonaparte Basin, in the Timor Sea.

Results from the appraisal well, situated about 250 kilometres west of Darwin, will assist in the conceptual design and development of the proposed floating liquefaction project.

Bonaparte LNG is a joint venture between GDF SUEZ Bonaparte (60%) and Santos (40%) and aims to produce 2 million tonnes of Liquefied Natural Gas (LNG) per annum using natural gas from the Petrel, Tern and Frigate fields.

The final investment decision for the project is expected in 2014, with LNG production scheduled to start in 2018.

The full release issued by Bonaparte LNG can be downloaded below.