Baron Oil to sell 15% stake in Chuditch PSC offshore Timor Leste
The stake is being sold to Timor Gap, which is an existing partner in the project.
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The stake is being sold to Timor Gap, which is an existing partner in the project.
Baron Oil PLC on Monday said it has signed a memorandum of understanding with Timor Gap Chuditch Unipessoal Lda for the farm-up of the Chuditch production sharing contract, offshore Timor...
Baron will evaluate all potential options for gas export from the Chuditch field in order to be able to fast track the concept selection processes anticipated following a successful Chuditch-2 appraisal well.
The study will look into all of the key issues for delivering the gas, for processing and LNG sales, to Timor-Leste compared to delivering the gas to Australia. [Image: Meg O'Neill/LinkedIn]
Canberra has long regarded oil and gas-rich East Timor as part of its “sphere of influence,” and has sought to block rival powers, above all Beijing, from establishing closer security ties with the country.