Barossa Project Overview
The Barossa Project is now in the Front-End Engineering Design (FEED) phase of development which will continue until late 2019. During the FEED phase, the costs and technical definition for Barossa are matured in order to provide sufficient certainty of cost, schedule and execution planning. Following FEED, subject to a Final Investment Decision (FID) and required approvals being in place, offshore development work, starting with the drilling of development wells, will start around 2020/21. During this period, the FPSO facility will be built and then towed to the development area and other subsea infrastructure and the gas export pipeline will also be installed.
After a commissioning stage where all the systems are tested, operations will start in about 2023.
In March 2018, the Governments of Timor-Leste and Australia signed a new treaty which established new maritime boundaries for the Timor Sea. When the treaty enters into force, the Bayu-Undan gas field will be entirely within Timor-Leste waters. The above map illustrates the new maritime boundaries.