Timor-Leste awards new onshore block

Timor-Leste’s National Authority of Petroleum and Minerals (ANPM) has awarded a new onshore production sharing contract to state-run Timor Gap, ANPM president Florentino Soares Ferreira said on December 8 via a LinkedIn post.

“It's great to see that the onshore oil and gas industry here in Timor-Leste started to move with a confident pace,” he said. “Both Timor Resources and Timor Gap is currently drilling the onshore block in Suai area - this is the first well drilled after 50 years of no exploration activities taken place in onshore Timor-Leste.”

Privately-owned Timor Resources at present has two onshore blocks under two PSCs in a joint venture with Timor Gap.