About
Greater Sunrise Field (Offshore), Australia
JPDA 03-19, 03-20; NT/RL2, NT/RL4
Operator: Woodside (33.4%)
Co-venturers: ConocoPhillips (30.0%), Shell (26.6%), Osaka Gas (10.0%)
ConocoPhillips has a 30 percent interest in the Greater Sunrise gas and condensate field located in the Timor Sea. Although an agreement has been reached between the governments of Australia and Timor-Leste concerning sharing of revenues from the anticipated development of Greater Sunrise, there are key challenges to be resolved before significant funding commitments can be made, including ensuring the reservoir is adequately appraised, gaining partner and government alignment on the development concept, and establishing fiscal stability arrangements. 2009 activity is focused on reprocessing seismic data and integrating the results of an appraisal well to define the remaining appraisal program, as well as advancing the development concept screening phase. [1]
