Projects
The Montara Project
Overview
The Company intends to develop the Montara Project via an FPSO located at the Montara field with tie-backs to the Skua and Swift/Swallow fields via flowlines. The development plan for the Montara Project involves nine producing wells, of which six will be drilled in Phase 1 (currently scheduled to be completed in the third quarter of 2008) and three will be drilled in Phase 2 (currently scheduled to be completed in the third quarter of 2009). Coogee Resources has commenced work on the design, engineering and procurement activities for the Montara Project. Facility construction began in July 2007 and development drilling is scheduled to commence in early 2008.
Location and geography
The Montara, Skua and Swift/Swallow oil fields are located in the southern Timor Sea approximately 650km west of Darwin. This section of the Timor Sea is administered by the Northern Territory Department of Primary Industry Fisheries and Mines (NTDPIFM) within Australian territory and is free from any potential issues of sovereignty.
The Montara oil field is approximately 82 kilometres south-west of the existing operations at Challis. The Skua oil field is located 25 kilometres north-west of the Montara oil field and the Swift/Swallow oil field is located 9 kilometres south-east of the Skua field.
Montara Project Development Schematic
