Seven Oil Firms Bid for Timor-Leste Oil and Gas Acreage
OE Staff
March 7, 2022
Seven oil and gas companies have submitted bids for nine blocks offered during the Timor-Leste Second Licensing Round period 2019/2022
"The Minister of Petroleum and Mineral, Mr. Victor da Conceição Soares officially opened the Bid Submission for the Timor-Leste Second Licensing Round period 2019/2022, and there are seven companies bids for nine blocks. The winner for the bid will be announced on 15 April 2022," said ANPM Timor-Leste, the country's petroleum and mineral regulatory authority.
The bidding application for Timor-Leste Second Licensing Round closed on March 4 2022 at 4.30pm.
Timor-Leste had offered 18 blocks in total, 7 of which are onshore, and eleven offshore.
The companies that submitted bids are Dravida Petroleum (Block N), Eni (Block P), Esperança Timor Oan, Lda. (Blocks B and F), HTS Exploration Ltd. (Block F), Santos NA Timor Leste Pty Ltd (Block R), Supernova Energy B. V. (Block R), Timor Gap E. P. (Blicks A and F).
