Project Profile

Value: US$400 million
Location: AC/RL7 in the Timor Sea
Production: 28 and 30 Million Cubic Feet per Day (Mmscf/d) with 737 and 663 barrels per day of condensate
Water Depth: 13,566 feet (4,135 metres)
Start-up Year: 2015

The Cash-Maple gas development is situated in permit AC/RL7 in the Timor Sea. PTTEP wholly owns and operates the development.  In 2011, the operator found additional gas on the Cash-Maple field when the Cash-2 appraisal well reached a depth of 13,566 feet (4,135 metres). Gas flow tests conducted in two zones flowed at a rate of 28 and 30 Million Cubic Feet per Day (Mmscf/d) with 737 and 663 barrels per day of condensate, respectively. PTTEP is undergoing a concept select study of the development options for the Cash-Maple Field in 2012. These development options include possible Floating LNG. It is expected that this study will be completed by end of third quarter of 2012 and be integrated with the results of the Maple-2 appraisal well.

Operators:

PTTEP: Operator with 100% interest



Contractors:

Bond Helicopters Australia: Provide three Eurocopter EC225 helicopters

Neptune Marine: Geophysical and geotechnical work