Business
Chuditch Operational Planning Update
Chuditch Operational Planning Update.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n\n30 November 2023\nBaron Oil Plc\n(\"Baron\", or the \"Company\")\nChuditch Operational Planning Update\nBaron Oil Plc (AIM: BOIL), the AIM-quoted oil and gas exploration and appraisal company focused on assets in SE Asia and the UK, is pleased to provide an update on preparations for drilling activities on the TL-SO-19-16 Production Sharing Contract (the \"Chuditch PSC\" or the \"PSC\"), offshore Timor-Leste.\nEnvironmental Approvals Progress\nBaron's wholly owned subsidiary and operator of the PSC, SundaGas Banda Unipessoal, Lda (\"SundaGas\") has achieved the first step of three in securing environmental approvals for the drilling and testing of an appraisal well on the Chuditch field. The Timor-Leste government regulator for oil and gas, Autoridade Nacional do Petróleo (\"ANP\"), has issued a project classification (Drilling activity - Category A) following its assessment of the Project Document that describes the asset and project plan. Having passed this milestone, ANP has now requested SundaGas to proceed to the next step in the process, which is submission of a Terms of Reference, including initial public consultations.\nDrilling Planning Progress\nIn its announcement and website presentation of 11 October 2023, the Company provided detailed information on the selected location for the Chuditch-2 appraisal well, the drilling of which is subject to financing. Good progress has continued to be made in preparation for the drilling campaign. SundaGas, its joint venture partner TIMOR GAP Chuditch Unipessoal Lda (\"TIMOR GAP\") and ANP recently held the first of a number of workshops to collaborate on planning for drilling operations. All aspects of the preliminary operational plans were reviewed, including provisional well designs, detailed procurement procedures and health, safety and environmental planning. The next workshop is scheduled for mid-December 2023.\nSundaGas is seeking to maximise Timor-Leste local content in the provision of drilling support services for the planned Chuditch-2 appraisal well. An experienced Timorese drilling engineer has been recruited to join the SundaGas well operations team, and expressions of interest are being sought from in-country suppliers to provide services from the Timorese private sector, including in the areas of marine and helicopter logistics, fuel and consumables.\nGas Develo...