RE: Japan INPEX and ENI5 Dec 2022 13:43
As you can see from the map, majority of the 50,000 sq km
has no home, either side of the TL Maritime TLEA regions
Dozen's of big Oil and Gas finds drained since the late 1970's
in Indonesian and Australian waters.
Available maps of discoveries , show TL waters on trend with all of it
with most of the area under explored.
The sector know how prolific the whole Timor Sea is, just needs that encouragement
and clarity from tweedle dee and tweedle dumbass (Gusmao) , that Sunrise/Beaco
is a side show and others can develop other assets in their area, with other options
not the already 20 year.........NO.........you can bring it to Beaco.......
That's what is keeping the majority on the fence from returning, gas prices currently
at a high but will come back as the focus now on Gas , not Oil as in the past........
We have all seen the wild swings , on BRENT/WTI , one minute $165 dollars a week
later hitting a low of $12, goes in cycles as does and will in the future Gas prices...
They will want assurances, it is not the case, they will be in the same limbo as those
that left and if prices fall back , the project will still be economically and not a loss
pit.......
Where in the area
BHP , NEXEN , INPEX , CONOCO, SHELL , MOBIL and more
They are the players, the TL side have made no bones about, they want to return.
They have even made statements, we do not want , more of us, Advance, Carnathen
etc, they want those that left to return , with deep pockets, that can fast track and
FFD quickly, not take time to throw a well down eventually, then another one some
time whenever...........
Only they can make it happen..........same as day 1 , Nov 2019.......the wait continues
;))
imo , we are front runner for the Islands own 2nd project, the Northern Gas/LNG
Import terminal and tank farm -Domestic supply to 3 power stations by 2025/26
Sundagas FPSO plan , fits all the timescales, with a bigger player running operations.
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