3rd Timor-Leste Oil, Gas and Energy Summit 2021

Thursday, March 25, 2021 08:00am - 06:00pm

MP Timor Leste 340x212 KThe next big opportunity in South East Asia

The most promising producer in Southern Asia

Great offshore & onshore opportunities are being created as more of the country opens for exploration.

Major exploration opportunities and contracts are on the way as Timor Leste’s oil & gas industry is undergoing significant growth at an increased rate, thanks to ANPM.

An example of regional cooperation

Timor Leste is one of the most prominent examples of successful international and government-IOC cooperation in the world, building an impressive network of cooperation with Australia and participating NOCs, in order to make optimal use of the significant offshore reserves.

Offshore Greater Sunrise: A $75 billion oil and gas giant​

Timor Leste is the majority shareholder in the Greater Sunrise fields, containing more than 5.13 trillion cubic feet of gas, worth at least 50 billion dollars. The blocks contain 225.9 million barrels of condensate reserves, worth over $15 billion.

As the project is developing, major partnership opportunities are created in upstream and midstream. These opportunities will be discussed in detail by Timor GAP on the first Timor Oil & Gas Summit, following the highly successful $20 billion Bayu-Undan offshore field.

Onshore Timor-Leste: Exploration blocks are available, following successful operations ​

As onshore exploration begins at onshore blocks A & C in Timor Leste, independent assessments indicate that the block contains more than 127 million barrels of recoverable oil, with the profits being $3.5 billion minimum, with the potential to triple as the onshore field reaches its potential.




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