JOINT PRESS RELEASE
“KAFÉ” 2D SEISMIC ACQUISITION ONSHORE TIMOR-LESTE
Production Sharing Contract (PSC) TL-OT-21-17 (“the PSC”)
Autoridade Nacional do Petróleo (ANP) and TIMOR GAP Pualaca Block Unipessoal Lda. (TGPB), a subsidiary of TIMOR GAP E.P. and the sole Operator for the PSC TL-OT-21-17 which covers the Municipalities of Manatuto, Viqueque and Manufahi, are pleased to announce the launching of the “Kafé” 2D Seismic survey on 11th January 2025. The launching paves the way for the Operator to carry out 2D Seismic acquisition in the Contract Area.
In accordance with the Minimum Work Program under Article 4.4 of the PSC, TGPB is committed to acquire a minimum of 100-line kilometers of 2D seismic data in the Second year of the Initial Exploration period. Thus, TGPB with its sub-contractor BGP Inc, China National Petroleum Corporation (R.P), a well-known seismic service company, proceed with the acquisition of the 266-line kilometers of the “Kafé” 2D seismic in the Contract Area, which will be followed by processing and interpretation. Drilling of one exploration well in the Third year of the First Exploration period has been foreseen in the PSC
With the launching of “Kafé” 2D Seismic acquisition survey, it has shown that, as State owned company, TGPB is committed to exploring the hydrocarbon in onshore area and contributes to the development of the Oil and Gas industry of the Onshore Timor-Leste.
For further inquiries on the content of this public announcement, please contact [email protected]. and [email protected]
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