New exploration PSC awarded in Timor-Leste
National oil company awarded new onshore permit
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National oil company awarded new onshore permit
Regulator says this is the first onshore exploration well in 50 years
September 18, 2019 Australian privately-owned oil and gas company Timor Resources said it has commissioned Eastern Drilling to commence drilling operations in the Southeast Asian country of Timor-Leste. One of the worldâs last frontiers for oil and gas, Timor-Leste's most recent drilling undertaken onshore was nearly 50 years ago in 1972, when Timor-Leste (then East Timor) was under Indonesian rule. In 2017, Timor Resources made history by securing the rights to explore and develop approximately 2,000 km2 of under-explored onshore acreage on Timor-Lesteâs south coast. Ti...
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