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Timor Licensing round at AOG best attended of roadshow

16 Mar 2020 3:58 PM | Sonia Harvey (Administrator)

THE second Timor-Leste breakfast which opened at the Australasian Oil and Gas Summit in Perth Friday followed by a rundown of the nation’s second-ever licensing round was well attended despite the shadows hanging over what could yet be the year’s last industry conference.

Petroleum and Minerals Authority (ANPM) head Dino Da Silva told the room it was the best attended event yet of the roadshow. 

Timor-Leste's oilmen have been on since October, with double the 40 or so who showed up at conferences in Houston and Abu Dhabi attendign the Perth event.  

Energy News understands Timor-Leste's stand, strategically located beside the Industry Supply Forum where Western Australian Premier Mark McGowan and Woodside Petroleum COO Meg O'Neill delivered keynote speeches Wednesday, was so busy staff missed lunch Thursday.  

Still, appetite for exploration seemed muted with most companies registered already holding assets in the nation, such as Woodside, Eni and Santos, once its buy of ConocoPhillips' assets completes.  

The offer, which has 11 offshore blocks and seven onshore, is the first in years and was launched at its inaugural oil and gas conference in capital Dili in October,  and is set to close this October.  

Companies can enter for pre-qualification now and the winners are announced next year.  

Energy News understands one company which already has assets in the nation has made an offer.  

Data available is reprocessed 2D seismic and other work by TGS and CGG.  

Given the power outages in the nation, the data room is kept on a server in London and companies which register via the ANPM's website will have 24 hour access. There is no limit to the amount of staff members one company can sign up to look over the data but all has been water marked and inbuilt software prevents screengrabs.  

An airborne gravity survey has also been completed. 

Source: Energy News Bulletin

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