TIMOR GAP aims to create, seize, develop and optimize the economic, commercial and strategic value of the upstream activities. From the exploration phase (studies and surveys), drilling, production to the decommissioning phase, TIMOR GAP’s upstream services are carried out through the below subsidiaries.
Seismic Services
Established in 2015, TIMOR GAP Seismic Services (TGSS) is owned by TIMOR GAP (60%) and BGP Geoexplorer Pte, Ltd (40%), a subsidiary of China National Petroleum Corporation (CNPC), in the business of providing marine seismic services. TGSS was created through a Joint Venture Agreement signed in October 2015 by the two companies with the purpose of providing seismic survey services within the Timor-Leste’s territory, with a planned expansion to overseas projects. TGSS main scope is to perform 2D/3D seismic acquisition, processing and, in the future, interpretation, whilst providing training opportunities and technology development to its local staff through its international partners.
Upon its establishment, on December 2015, TIMOR GAP launched its first 3D Broadband seismic survey, engaging TGSS and BGP Geoexplorer as the contractors to carry out the Crocodile 3D Seismic acquisition covering an area of 2780 Km2 within the offshore PSC TL-SO-15-01. The survey was carried out by BGP Prospector vessel, a 12 streamer seismic vessel, and concluded in 2016. TGSS was also committed to seeking a potential partner to pursue onshore business opportunities, resulting in the signing of an agreement between TGSS and PT.BGP Indonesia in 2018, to work together on the onshore 2D Seismic Survey conducted on national territory. On August 2018, Timor Resources, the operator of the onshore PSCs, engaged TGSS Joint Venture with PT.BGP Indonesia to perform the onshore 2D seismic survey within PSC TLOT- 17-08 (Block A), in Covalima, and PSC TL-OT-17-09 (Block C), in Manufahi, both located on the southern coast of Timor-Leste. The total workload approximately covers 308.4 km and has been delivered.
As part of recent engagement between TGSS and PT.BGP Indonesia, both parties continued to uphold their commitment in establishing an explosive storage in Timor-Leste in 2020. However, due to the COVID-19 global pandemic, all plans and programs were postponed to 2021. Furthermore, TGSS continues its involvement in all seismic activities within the national territory of Timor-Leste, such as the seismic survey planned to be conducted by TIMOR GAP in its reserved Block, as well as other potential onshore and/or offshore blocks.
Drilling Services
TIMOR GAP Drilling & Services, Unipessoal, Lda, also known as TGDS, is a wholly owned subsidiary of TIMOR GAP, established in 2017. The establishment of TGDS is important as a response to the complexity, challenges and necessities for supplying services in the upstream business. The principal objective of TGDS is to create, identify and optimize the value of commercial economy through business opportunity by providing services for drilling activities especially in exploration, development, production, abandonment and other upstream services.
Since its establishment, TGDS has participated in projects such as Bayu-Undan Infill Well (BUIW), ENI Drilling Campaign and Onshore Block A & Block C Drilling Campaign. In 2020, TGDS participated in Santos’ BUIW Phase 3c (P3c). For this particular project, TGDS together with COSL intended to provide Mobile Offshore Drilling Unit Services. TGDS also intended to provide two other services, namely, Casing & Tubular running & Cold cutting Specialist services and Rig Engineering & Modification services together with its partner, Petro-Vietnam Drilling (PVD). As part of future partnership, both TGDS and PVD have recently signed a Memorandum of Understanding to further tie the cooperation.
The 2020 COVID-19 global pandemic has also affected most of TGDS activities, including, but not limited, to TGDS and its partners’ commitment to establish a Liquid Mud Plant and a Liquid Mud Storage Facility in Suai. TGDS also aims to establish a strategic and economic viable partnership to find the best commercial way to re-develop the Bayu-Undan field and proactively seeking potential companies to capture new business opportunities for the provision of upstream activities and drilling services.
