East Timor

Oct. 6, 2004
The government in Dili planned to award a contract for a nonexclusive seismic survey in the Timor Sea in advance of its first oil and gas exploration licensing round.

By OGJ editors

HOUSTON, Oct. 5 -- The government in Dili planned to award a contract for a nonexclusive seismic survey in the Timor Sea in advance of its first oil and gas exploration licensing round.

Press reports indicated that the contract will go to a combine of BGP Inc., Zhuozhuo City, China, and Global Geo Services ASA, Fagerstrand, Norway. Site of the survey is near the Australia-Indonesia Joint Development Area, which takes in Bayu-Undan and Greater Sunrise gas fields.

East Timor hopes to enact a petroleum law by the end of 2004.