Member Info for filthylucre

He welcomed Chinese enterprises to invest in Timor-Leste and help the country with its development. He expressed the hope to work with China to usher bilateral ties into the new phase of a comprehensive strategic partnership.

The two sides issued a joint statement on the establishment of the comprehensive strategic partnership.

https://english.news.cn/20230923/f0f0dda300334043a63664b7c8a33acc/c.html

Following up on Kylie’s China post.

Might make Australia move a little quicker.

The two governments also said they would strengthen energy policy exchange and study possibilities for joint exploration for oil and gas.

East Timor is looking to start producing natural gas from its Greater Sunrise fields around 2030, hoping to develop the offshore project that has been stuck in limbo for decades.

The development of the Greater Sunrise field is critical to the Southeast Asia island nation's economy as its main source of revenue - the Bayu Undan oil and gas field - stopped producing gas earlier this year.

https://www.zawya.com/en/world/china-and-asia-pacific/china-resource-rich-east-timor-upgrade-bilateral-ties-waa8ttfq?amp=1

Eddie. Yes. Just hit the links I posted below. Maybe you didn’t see them.

Yes. Sundagas are rubbing shoulders with some big players. Surely, surely, Andy had the skill to pull off a deal.. Look at the recent Guyana auction. Exxon Mobil and others buying up gas fields.

Crikey Pass, I do disappear from my phone now and then ( though not enough).

The LinkedIn and FB links don’t work for everyone but happy to oblige. Scraps of information are all we’ve got and for what’s it’s worth, I’m happy to feed them and read them.

Eddie,

Not sure if you access Linkedin. The link you requested is below plus another one showing AB at a recent SPE meeting.

https://www.linkedin.com/posts/teodoro-marcos-mota_timorleste-scholarships-australia-activity-7110637180024233984-VL6L?utm_source=share&utm_medium=member_ios

https://www.linkedin.com/feed/update/urn:li:activity:7061619011951751168?utm_source=share&utm_medium=member_ios

Nice to see Timor Leste speaking at the Abu Dhabi conference next month. Mind you, there are 1500 speakers.

https://www.adipec.com/conferences/2023-conference-speakers/

Follow SPE Timor Leste on LinkedIn and you’ll see pictures of Andy Butler at a couple of their meetings in the last few months. Including one with Horta. It’s good to see Sundagas play in role in industrial training in the energy sector and forge links with government and private sector players. Nice if they occasionally communicated with their downtrodden investors.

Timor-Leste - Australia LNG Partnership: Forging the path for the next generation of oil and gas professionals.

Building workforce capability is a cornerstone of the Timor-Leste -Australia Liquefied Natural Gas (LNG) Partnership, a collaboration between Australia's Department of Industry, Science and Resources

Timor-Leste's National Petroleum and Minerals Authority.

The partnership is developing highly skilled professionals in a sector thar provides a critical revenue source for Timor-Leste and supports the countrv's ambitions to build a resilient, diversified economy. The partnership supports collaboration and mentoring to share expertise and build industry connections.

Seven small business delegates attended the Australian Petroleum Production and Exploration Association Conference in Adelaide in May 2023. Delegates built relationships with Australian industry specialists, suppliers and potential future clients. After returning home, the group formed an association to support the local business community and strengthen government engagement and Timor-Leste's

socio-economic development.

Emerging Timor-Leste industry leaders are also being mentored under the pilot LNG Fellowship

Program. Professor Eric May, CEO of Future Energy Exports Cooperative Research Centre, said mentoring 'was a way to contribute to Timor-Leste's emerging LNG industry, which has the potential to significantly improve living standards and outcomes for many

Timorese people. The partnershio is providina two-way benefits for Australia and Timor-Leste, strengthening private sector development in Timor-Leste and

deepenina bilateral trade and investment lInks.

'Our strong relationships with the Timorese Government and with industry colleagues have been key to maximising the impact of our collaboration, building capability and sharing valuable expertise. We look forward to continuing this important relationship,' said Dan Glover, Manager of the Timor Sea team at DISR.

Would be very interested to hear about those Timor Gap operational updates. This was held today. Partly sponsored by BOIL.

MISSION ACCOMPLISHED in #Timor today as we held an inaugural quarterly #technical meeting for the Society of Petroleum Engineers International Timor-Leste Student Chapter with #international #energy experts. One more vital step in the #knowledgetransfer process whilst connecting Timorese students to industry both locally and in Australia.

Our thanks to INPEX for generously allowing Roger van Hoek, Manager Asset Development to travel to Dili and summarise the world-class Ichthys development as well as to TIMOR GAP, E.P. for kindly permitting David Lawson, Project Development Consultant to provide operational insights into the #NationalOilCompany. Numerous further quarterly meetings are already in the pipeline through 2024.

Again, on behalf of over 700 SPE student members in Dili, our immense thanks to the SPE Western Australia sponsors contributing to our Timor initiative in 2023, namely INPEX, Santos Ltd, Woodside Energy, Department of Industry, Science and Resources, Future Energy Exports CRC, Oilfield Data Services, Inc. (ODSI), Pivotel Group, Rock Flow Dynamics, Sunda Gas (a subsidiary of Baron Oil PLC), Well Test Knowledge International and SPE Victoria/Tasmania Section.

“Possibly” more talks on Sunrise next June. I think we are past the stage on waiting for Greater Sunrise. A pipeline solution for Chuditch isn’t happening.

That leaves the Floating LNG solution.

ENI could do it. Last throw of the dice. Otherwise it’s over.

In August 2022, Eni acquired the Tango FLNG vessel from Exmar group for US $572-694 million (dependent on the first six-months of performance). After some conversion works, the facility will be deployed to the Republic of Congo, where is will be used to export LNG as a part of the natural gas development project for Eni's Marine XII block. The vessel is expected to now have an export capacity of 0.6 mtpa with startup expected in December 2023.

The potential for new FLNG projects will doubtless be one of the topics of interest at this week's Gastech in Singapore.

https://www.linkedin.com/pulse/flng-new-dawn-part-3-potential-indonesia-robert-chambers?utm_source=share&utm_medium=member_ios&utm_campaign=share_via

Https://m.facebook.com/story.php?story_fbid=pfbid0gee6TbP6HnbZi4xKo4W55r4g1xeTtyPZsmSKJrTXHrTj61aJs9qLwmSW1Sdfi3J4l&id=100094730889338

𝗠𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝗼𝗳 𝗣𝗲𝘁𝗿𝗼𝗹𝗲𝘂𝗺 𝗮𝗻𝗱 𝗠𝗶𝗻𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀, 𝗗𝗲𝗺𝗼𝗰𝗿𝗮𝘁𝗶𝗰 𝗥𝗲𝗽𝘂𝗯𝗹𝗶𝗰 𝗼𝗳 𝗧𝗶𝗺𝗼𝗿-𝗟𝗲𝘀𝘁𝗲

𝗗𝗮𝘁𝗲: 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟭𝟱, 𝟮𝟬𝟮𝟯

Minister Francisco Monteiro received a courtesy meeting from Ambassador Hewitt of Aotearoa New Zealand today. Discussions centered on MPRM's key priorities, notably the Greater Sunrise and Tasi Mane projects. New Zealand's support for Timor-Leste through various activities, including scholarships and training programs, was highly appreciated.

During the meeting, Minister Monteiro warmly reflected on his personal connection with New Zealand, having been a scholarship recipient and an alumnus of Auckland University. He emphasized that New Zealand holds a special place in his heart, reinforcing the strong diplomatic ties between the two nations.

𝗧𝗵𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘁𝗼 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗲 𝘁𝗵𝗲 𝗚𝗿𝗲𝗮𝘁𝗲𝗿 𝗦𝘂𝗻𝗿𝗶𝘀𝗲 𝗣𝗿𝗼𝗷𝗲𝗰𝘁.

𝗣𝗮𝗹𝗮́𝗰𝗶𝗼 𝗱𝗼 𝗚𝗼𝘃𝗲𝗿𝗻𝗼, 𝗙𝗿𝗶𝗱𝗮𝘆, 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟭𝟲, 𝟮𝟬𝟮𝟯

His Excellency Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, participated in the Meet The Press program organized by the State Secretariat for Social Communication.

The discussion focused on the economic development of Timor-Leste’s future, particularly in the petroleum and minerals sector, and was attended by journalists, editors, and media owners.

Minister Francisco Monteiro emphasized the privilege of managing a sector as crucial as petroleum and minerals, stating that Timor-Leste’s economy has long been dependent on this sector. He mentioned that this dependence is likely to continue for another 20 years unless significant efforts are made to diversify the economy.

Regarding the Greater Sunrise project, the Minister outlined the need for $11 to $12 billion for adequate infrastructure, including supply base and highways leading to strategic locations on the South Coast.

The Minister further explained that this significant investment is crucial to complement the Greater Sunrise project. The infrastructures are intended to attract or encourage investors to participate in the implementation of Greater Sunrise. Breaking down the cost, $5 to $6 billion would be required for downstream production facilities to convert oil and gas. An additional $5 to $6 billion would be needed for offshore platforms. In total, this sums up to an investment requirement of $11 to $12 billion.

Going forward, the Ministry of Petroleum and Mineral Resources will continue to consult with the Prime Minister, who serves as the Chief Negotiator for all matters related to the Greater Sunrise project, in order to finalize the Petroleum Mining Code, Tax Regime, and Production Sharing Contract. This comes as part of a legal and contractual framework that hasn’t seen much progress since 2019.

Extract from a speech given by Santos at the South East Asia Australia Offshore & Onshore Conference.

Highlights the potential and significant plans for CCS at Bayu -Undan.

SEAAOC 2023 Speech Darwin

Keynote address: Providing Cleaner and More Affordable Energy

Bayu-Undan has been supporting local jobs in Timor and the Territory, and providing energy security for customers in Asia by pumping natural gas into Darwin LNG at Wickham Point for 15 years now.

And despite end of field life nearing, Bayu-Undan has delivered 22 per cent more gas and 7 per cent more liquids than originally expected.

When we use words like "end of field life," it makes you feel nostalgic, like something is ending.

But that is not the case for Bayu-Undan.

Bayu-Undan is set to play a critical role in a decarbonised future through its transformation into a carbon capture and storage facility that would be the biggest in the world, with storage capacity up to 10 million tonnes of CO2 per year.

Over the life of the field, Bayu-Undan has injected more than $38 billion into Timor-Leste through First Tranche Petroleum, Profit Oil and Taxes - about 90 per cent of the nation's revenue.

CCS is a potential new industry and a new revenue stream for Timor, utilising existing infrastructure and providing ongoing jobs in both Timor and Darwin.

Encouragingly, we have strong demand for carbon storage at the Bayu-Undan field with large customers looking to capture energy and industrial emissions and ship CO2 to Australia for safe and permanent storage in depleted oil and gas reservoirs.

Santos

The Barossa gas project will be the first customer, with a supply of CO2 of 2.3 million tonnes per year. Bayu-Undan CCS would make Barossa one of the lowest carbon LNG projects in the world.

https://www.santos.com/wp-content/uploads/2023/09/230912-Kevin-Gallagher-SEAAOC-2023-1.pdf

IN-VR pushing their November Summit at which Sundagas are presenting. Let’s hope by then we have moved on in terms of a new partnership to drill Chuditch.

IN-VR is thrilled to share the latest developments in Timor-Leste's energy and mining sectors. Five key resolutions proposed by Mr. Francisco Monteiro, Minister of Petroleum and Mineral Resources, have just received official approval, marking a significant step forward for the nation.

The approved appointments are as follows:

🔹 Rui Maria Alves Soares, appointed as Chairman of the Board and CEO of TIMOR GAP, E.P. - Timor Gás & Petróleo, E.P ("TIMOR GAP"), for a four-year term.

🔹 José Manuel Gonçalves, appointed as Chairman of the Board and CEO of Mirak Rai Timor, E.P., for a four-year term.

🔹 Gualdino do Carmo da Silva, appointed as Chairman of the Board of the National Petroleum Authority, I.P. (ANP), for a four-year term.

🔹 Rafael Danilson M de Araújo, appointed as Chairman of the Board of the National Minerals Authority, I.P. (ANM), for a four-year term.

🔹 Job Brites dos Santos, appointed as Chairman of the Board of the Timor-Leste Institute of Geosciences, I.P. (IGTL), for a four-year term.

These appointments are a testament to their impeccable integrity, extensive academic and professional backgrounds, and their commitment to enhancing the technical progress in managing our vital petroleum, gas, and mineral resources.

Timor-Leste's recent regulatory transformations in the energy and mining sectors hold substantial implications for professionals seeking business opportunities. They underscore Timor-Leste's unwavering dedication to fostering a business-friendly environment.

If you're interested in exploring opportunities in Timor-Leste's energy and mining sectors, join us at the 5th Timor-Leste Energy, Mining & Business Forum 2023, on the 21st-22nd November in Dili, Timor-Leste 🇹🇱

Timor Leste opening up to the world

Dili, September 12, 2023. The Director-General for Consular and Protocol Affairs of the Ministry of Foreign Affairs and Cooperation, Ambassador Amorim Dias, received copies of the credential letters of six designated non-resident ambassadors to Timor-Leste.

The six designated non-resident ambassadors were: the designated ambassador of Switzerland, Olivier Zehnder; the designated ambassador of the United Arab Emirates, Abdulla Obaid Salem AIDhaheri; the designated ambassador of the Kingdom of Bahrein, Ahmed Abdulla Alharmasi Alhajeri; the designated ambassador of France, Fabien PENONE; the designated ambassador of the Kingdom of Saudi Arabia, Faisal Abdullah H. Amodi; and the designated ambassador of Ireland, Pádraig Francis.

For what’s it’s worth, my impression is that stuff is happening. Progress made and decisions imminent.

It’s Australia we need a “yes” from now. TL have done their bit. Sundagas and Chuditch are bang in the middle of this. Hopefully threading their own path to a successful collaboration and drill. We will find out pretty soon but developments surrounding Greater Sunrise will surely influence any potential investment in a Chuditch drilling campaign. We need an update. We need a nod and a wink in the right direction.

Pass, a little more detail.

• First time ever in 49 years since Greater Sunrise commercial discovery in 1974, TIMOR GAP successfully build strong business relationship with SIV Members (Woodside and OSAKA GAS) to agree and cooperate on 1) new Concept Select Study with focus on gas delivery to Timor-Leste (2) commit in negotiations for MBT-based legal and fiscal terms and to complete new fiscal and legal related agreements.

• Government of Australia through its Prime Minister H.E. Anthony Albany declared in Australian Parliament house when hosting RDTL Prime Minister H.E. General Taur Matan Ruak in Feb 2023, that GREATER SUNRISE is for future development of people and nation of RDTL. In addition, Australian Special Representative for Greater Sunrise Project, Mr. Steve Bracks declared that Australian Government is fully supporting the SIV concepts selection studies focusing on bring GREATER SUNRISE gas to RDTL, and interested to support financially of GREATER SUNRISE pipeline and downstream development.

• TIMOR GAP plays a critical and strategic role in bringing the alignment of all the stakeholders (SJV Members, Australian Government and RDTL Government) on the importance and strategic development of GREATER SUNRISE.

Consequently, Australia well understood the RDTL option for development of GREATER SUNRISE (as stated by H.E.

Penny Wong, Australian Minister for Foreign Affairs). This in turn increase the visibility of Greater Sunrise project on global oil and gas industry radar.

• Conducted various Meetings with Woodside Energy and Osaka Gas management team, including CEO Meg O'Neill,

EVP Andy Drummond, and Osaka Gas and various Meetings with senior officials in the Australian government, including meeting with the Australian Special Representative for Greater Sunrise.

• Completed updated Greater Sunrise CPR report to evaluate and update various technical studies on both upstream and downstream that TIMOR GAP carried out in the past vears.

• Carried out the Greater Sunrise Subsurface and reservoir studies to re-evaluate all collected hard data (well cores) along with all indirect measurements using cutting-edge technologies and world-renowned experts. The outcome from this which includes Static and Dynamic Reservoir Models that demonstrate the reservoirs' production capacities and maximum recoverable volumes will provide a globally-recognized Independent Engineering company with sufficient new data to certify "proved undeveloped reserves" of Greater Sunrise field.

• Engaged with U.S.A. government officials to build support for U.S.A. government political, technical, and financial assistance for Greater Sunrise's development with focus on gas to be piped from Greater Sunrise Field to Timor-Leste and discuss socio-economic and geostrategic importance of Greater Sunrise fields, including U.S. Senators & Congressmen, and officials at the U.S. Departments of State, Energy, & Interior, the U.S. Development Finance Corporation, an

On their Facebook page, Timor Gap have listed their achievements 2020-23

Parts which might interest us:

* SUMMARY OF TIMOR GAP ACHIEVEMENT FOR THE YEAR 2020 - 2023

* TIMOR GAP now envisions that within 6 Months to One Year, TIMOR GAP will be able to:

* Announce all Legal and Fiscal Agreements signed per requirements of MBT.
Announce SIV agreement to send Greater Sunrise gas via pipeline to Timor-Leste South Coast for processing into LNG.
 Announce a World-Class Study conducted by TIMOR GAP personnel and the University of Texas's Bureau of Economic Geology (BEG) now meets international standards of Proved Undeveloped Reserves and the Greater Sunrise Project can now be monetized by Timor-Leste, Australia and SJV.
 Initial Development Plan for Greater Sunrise with focus on bringing gas to south coast of Timor-Leste is approved.
 FID (Financial Investment Decision) likely by 2025.

TIMORGAP

Chuditch Block,

PSC 19-16

* Completed 3D Kyranis seismic re-reprocessing.

* Completed 2D seismic interpretation both in collaboration with the JV partner (Sunda Gas) and in-house.

* Completed 3D Kyranis seismic interpretation and prospect identification

* Preparations are underway for an exploration/appraisal well campaign.