PSC TL-SO-T19-11


TIMOR GAP PSC 11-106, Unipessoal, Limitada is a subsidiary of TIMOR GAP E.P. with license holder of PSC JPDA 11-106. The TIMOR GAP PSC 11-106 UL acts as one of the joint venture partners with 24% carry interest together with INPEX Offshore Timor Leste. Ltd (35.4667%) and Eni JPDA 11-106 B.V as field operator (40.5333%). The PSC has signed in 2013, the Block 11-106 is located approximately 240 km the southeast coast of Timor-Leste and 500 km northwest of Darwin, covering an area of 662 sq. km adjacent to the Kitan oil field and lies in an average water depth of 350m. The area includes proven but unproduced reserves such as Jahal, Kuda Tasi (+/- 20MMbbls), Squilla and Krill fields. It also includes other potential and prospect fields for exploration. The work commitments are to have 2 firm exploration well in the initial period in year 1 and 2, 2 contingent exploration or appraisal wells to be drilled in year 1, 2 or 3 and G&G studies.

As per PSC work commitment, a well is drilled in 2019. The Kanase is one of the prospect within the block the structure is a complex horst block located approximately 13 km SE of the Kitan Field; approximately 8 km NE of the Krill discovery; 11 km ESE of the Karongo-1 discovery and 11 km NW of the Squilla discovery (all Middle Jurassic targets). Kanase was a dual target well and was drilled with the Maersk Deliverer ultra-Deepwater high efficiency dual derrick semi-submersible rig. After experiencing continued heavy losses during its drilling campaign, the total depth was called and the well was plugged and abandoned. The rig was released at on 20 June 2019.

Upon the ratification of the Treaty between Australia and Timor-Leste, a new and revised PSC, designated as PSC TL-SO-T 19-11 which superseded the previous PSC. The supersede PSC was signed by Operator with ANPM on 28 August 2019, therefore Timor-Leste now has a fully right to develop and leveraging all resource in the block for their own prosperity.

Based on the work program and commitment stipulated under the PSC, the Joint Venture (JV) continue to perform its commitment in 2020 taking into account the result of the Kanase drilling campaign, the Joint venture (JV) with the approval from the Authority, submitted the key components of the 2020 Exploration Work Program which covers comprehensive evaluation of the Kanase post-well results and studies. In addition, there was a focus on the revision the interpretation of and geological model for the Early Jurassic clastics play in the PSC Contract Area in light of the Kanase well results. These studies were planned to fully evaluate the hydrocarbon potential of the PSC.

WHAT'S New

TIMOR GAP E.P., the National Oil Company of Timor-Leste, is seeking an experienced consultant to assist the Project Team in the supervision of Feasibility Study and FEED for a Petroleum Import Terminal (PIT). The role will be based in Dili, Timor-Leste,     read more...

PUBLIC TENDER ADVERTISEMENT INVITATION FOR BID (IFB) TIMOR GAP, E.P, through Procurement Department would like to announce the public tender as follow; No IFB No. IFB Title Closing Date 1 TG-VPU-IFB-022-003 Supply and Delivery of ICT equipment to TIMOR    read more...

TIMOR GAP, E.P, through Procurement Department would like to announce the public tender as follow; No IFB No. IFB Title Closing Date 1 TG-TMP-IFB-022-004 Construction of TIMOR GAP Infrastructure Operational Base in Suai Date: 20 June 2022 Time: 16:00 PM    read more...

Ref. no.: TG/VPU/PROC/022.027 Date: 27th June 2022 INTEND TO AWARD TIMOR GAP, E.P., would like to announce it’s intended to award the contract to the following successful bidder; Tender Reference # Description Winning Bidder Contract Price (USD) TG-VPU-    read more...

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Timor-Leste’s vision for the future, initially laid out in the 2011−30 Strategic Development Plan, is slowly taking form as the country’s infrastructure is rebuilt and new opportunities for private investment emerge. View    read more...

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