RE: The Greater ๐๐ฎ๐ง๐ซ๐ข๐ฌ๐ ๐๐๐ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ just moved from potential to execution.28 Jan 2026 09:11
๐ฃ๐๐ง๐ฅ๐ข๐ก๐๐ฆ, ๐๐ก๐ฃ ๐ฎ๐ป๐ฑ ๐ง๐๐ ๐ข๐ฅ ๐๐๐ฃ ๐ฆ๐ถ๐ด๐ป ๐๐ผ๐ถ๐ป๐ ๐ฆ๐๐๐ฑ๐ ๐๐ด๐ฟ๐ฒ๐ฒ๐บ๐ฒ๐ป๐ ๐ณ๐ผ๐ฟ ๐ง๐ถ๐บ๐ผ๐ฟ-๐๐ฒ๐๐๐ฒ ๐ข๐ณ๐ณ๐๐ต๐ผ๐ฟ๐ฒ ๐ฃ๐ฒ๐๐ฟ๐ผ๐น๐ฒ๐๐บ ๐๐ฎ๐๐ถ๐ป(๐) ๐ถ๐ป ๐๐ต๐ฒ ๐ง๐ถ๐บ๐ผ๐ฟ ๐ฆ๐ฒ๐ฎ.
๐ฃ๐ฟ๐ฒ๐๐ ๐ฅ๐ฒ๐น๐ฒ๐ฎ๐๐ฒ
PETRONAS Carigali International Ventures Sdn. Bhd. (a company incorporated under the laws of Malaysia), Autoridade Nacional do Petrรณleo (the Timor-Leste public institution representing the Government of Timor-Leste), and TIMOR GAP, E.P. (a state-owned company incorporated and existing under the laws of the Democratic Republic of Timor-Leste) today, Monday, 26 January 2026, in Kuala Lumpur, signed a new Joint Study Agreement (JSA) covering offshore petroleum basin(s) in the Timor Sea.
The Joint Study Agreement was signed by Mohd Redhani Abdul Rahman, CEO of PETRONAS Carigali International Ventures; Gualdino do Carmo da Silva, President of ANP; and Rui Soares, President and CEO of TIMOR GAP, E.P.
The objective of this JSA is to collaboratively enhance and de-risk the technical understanding of Timor-Lesteโs offshore petroleum basin(s). It builds upon existing basin studies and interpretations previously completed by ANP through targeted data integration and advanced seismic reprocessing. This will support ANPโs basin evaluation, promotion, and future licensing activities, while enabling PETRONAS and TIMOR GAP to develop an informed early technical understanding of the basin(s).
This agreement marks a positive milestone in initiating a study to evaluate the prospectivity of Timor-Lesteโs offshore regions for PETRONAS and TIMOR GAP ahead of upcoming bidding opportunities.
The study is planned to conclude within eight (8) months. ANP and TIMOR GAP will provide an extensive exploration datasetโincluding 2D/3D seismic studies and exploration/development wellsโfrom previous studies to ensure its success.
ANP and TIMOR GAP welcome PETRONAS Carigali International Ventures to this Petroleum Joint Study and look forward to close collaboration for successful petroleum exploration in Timor-Lesteโs offshore region.
Any queries related to this joint Press
Release please direct to:
ANP : Francelino Antonio Xavier Conceiรงรฃo
Email : francelino.conceicao@anp.tl
Telephones : +670 73099995/+670 73099997
Address : City 8 Compound, Rua Has Laran, Aldeia Fomento II, Suco Comoro, Dom Aleixo, Dili,
Timor-Leste PO Box 113
PETRONAS CIV : M Syafiq Bin M Md Sharif
Email : msyafiq_sharif@petronas.com
Telephones : +60323922016
Address : Level 28, Tower 1, PETRONAS Twin Tower, 50088 Kuala Lumpur
TIMORGAP : Aleixo dos Santos Alves
Email : Aleixo.alves@timorgap.com
Telephone : +670 331 1422 / +670 7747433/
+670 76310996
A