Central & SE Asia / Australasia

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Country summary: Timor Leste

energy-pedia opportunities - Timor Leste:
Current deals: 3
Licensing articles: 13
Completed deals: 9

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Timor Leste - recent news

09 Dec 24
Timor Leste: Sunda Gas announces LOI for jack-up rig to drill Chuditch appraisal well
Sunda Energy has announced that its wholly owned subsidiary, SundaGas, has entered into a non-binding Letter of Intent with an international drilling contractor concerning commercial negotiations for a definitive drilling contract for the use of a jack-up drilling rig for the appraisal drilling campaign on the Chuditch Field, offshore Timor-Leste.
11 Nov 24
Timor Leste: Finder Energy provides update on the Kuda Tasi and Jahal oil development, offshore Timor Leste
Finder Energy has provided an update regarding the recently acquired Kuda Tasi and Jahal development project located in PSC 19-11, offshore Timor Leste.
22 Oct 24
Sunda Energy announces operational update
Sunda Energy has provided an update on its operational and funding planning with respect to the TL-SO-19-16 PSC ('Chuditch PSC') in Timor-Leste as well as an update on the Company's new business ventures. Estimated spud date for the Chuditch-2 appraisal well now expected in Q2 2025.
17 Sep 24
Timor-Leste: Santos and TIMOR GAP execute Sale and Purchase Deed for the Bayu-Undan upstream project
Following the announcement of 2 September 2024, the Bayu-Undan Joint Venture (BUJV) participants and TIMOR GAP have now executed a Sale and Purchase Deed (SPD) to transfer a 16 per cent interest in the Bayu-Undan upstream project to TIMOR GAP, with an economic date of 1 July 2024.
02 Sep 24
Timor-Leste: Santos concludes negotiations for TIMOR GAP’s entry into the Bayu-Undan joint venture
Santos has announced the Bayu-Undan Joint Venture (BUJV) and TIMOR GAP have agreed terms of a Sale and Purchase Deed (SPD) to transfer a 16 per cent interest in the Bayu-Undan upstream project to TIMOR GAP, with an economic date of 1 July 2024. A seventh extension of the Production Sharing Contract to 30 June 2026 has also been confirmed.

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