Baron Oil provides an update on operational activities on the TL-SO-19-16 Production Sharing Contract (Chuditch PSC), offshore Democratic Republic of Timor-Leste.

Chuditch-2 Site Survey

As announced by the Company on 12 February 2024, Baron's wholly owned subsidiary, SundaGas commenced operations for a survey at the planned drilling location for the Chuditch-2 appraisal well.

The objective of the Site Survey work is to identify any potential hazards at the proposed well site, ensuring that a drilling rig can be located safely and with minimal environmental impact. The Site Survey consists of geophysical studies (remote seabed investigation) and geotechnical work (physical studies of the seabed), using two separate vessels.

The geophysical Site Survey was successfully carried out during February 2024 and March 2024, despite some operational delays, principally related to weather conditions, and the results have been incorporated into the geotechnical survey planning. The vessel that will carry out the geotechnical Site Survey had its arrival into the Timor Sea delayed, again owing to adverse weather conditions, but is now preparing to mobilise to the Chuditch survey area. This geotechnical work is expected to be completed during April 2024.

KeyFacts Energy: Baron Oil Timor Leste country profile   l   SundaGas Timor-Leste country profile