East Timor plans first onshore bid round

The Democratic Republic of Timor Lesté (East Timor) is planning its first bid round for onshore acreage toward the end of this year.

The country’s Minister for Petroleum and Mineral Resources, Alfredo Pires, said recently that his department is considering adding an onshore acreage release to the proposed next round of offshore permit bidding.

Timor Lesté has known onshore oil and gas seeps, particularly along the south coast where 20 such occurrences have been documented. Several have been exploited by the local population by digging pits and bailing out the oil for domestic use.

The region was of prime interest to the Japanese during its occupation of Timor during WWII.

An Australian company called Timor Oil NL had leases granted by the Portuguese colonial government over the region during the late 1960s and early 1970s until the country’s annexation by Indonesia in the mid-1970s.

Despite this the seepages have never been officially explored.

Details of the new bid round are expected late this year or early 2015.

Pires said his government planned to create a special consortium that will be allocated part of the onshore areas to undertake exploration under a production sharing contract.

He added that Timor Lesté wanted to take leadership and initiative in exploring onshore and in getting some economic partnerships and momentum going.

Related Articles

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

GAS EXPLORATION FANS OUT MIN ARKOMA BASIN

01/01/1990 Gas exploration is heating up in the South Central Arkoma basin's pre-Pennsylvanian formations. Several operators are targeting Siluro-Devonian...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected