Jabiru Oil On Maiden Voyage

Sydney Morning Herald

Wednesday September 24, 1986

By ANDREW MAIN, Resources Writer

The floating oil terminal at Jabiru in the Timor Sea sent away its first cargo of oil on Monday.

BHP announced yesterday that the tanker Neptune Leo took on 388,000 barrels of oil from the Jabiru Venture, the converted crude carrier that stores the field's 13,000 barrel-a-day production.

Almost all of Jabiru's production is expected to go overseas because of its geographical position (closer to Jakarta than Sydney).

The oil loaded, which has been bought by Pacific Resources Inc for refining in Hawaii, was little more than a part cargo.

It was the equivalent of one day's production from Bass Strait and was limited because BHP, the operator, wanted to check the flexible hose loading system. It exceeded planned loading rates.

The next cargo from Jabiru will be a full one early in November.

Jabiru interests are BHP with 50 per cent, Esso with 18.75 per cent, Norcen International 12.5 per cent, Peko Oil 10.3 per cent, Ampol 6.25 per cent, with Brenda Mines and Norpac Securities both on 1.09 per cent.

© 1986 Sydney Morning Herald

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