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Bayu-Undan project

The largest petroleum project in operation in the Timor Sea is the Bayu-Undan project operated by Santos. The Bayu-Undan field is located approximately 500 km (310 mi) north-west of Darwin in the Bonaparte Basin. Production commenced in 2004 as a gas recycle project - with liquids (condensate, propane and butane) being stripped from the raw production stream and exported. Gas was pumped back down into the reservoir. At around the same time, construction commenced on a 500 km (310 mi) subsea natural gas pipeline connecting the Bayu-Undan processing facility to a liquefied natural gas plant situated at Wickham Point in Darwin harbour. Since the completion of the pipeline and the Darwin LNG plant in 2005, gas produced offshore at Bayu-Undan is now transported to the Darwin plant where it is converted into a liquid and transported to Japan under long-term sales contracts. Timor-Leste has made, as of 2017, over $18 billion from Bayu-Undan since production began; however, it is predicted its reserves will be exhausted by 2023.