RE: Website27 Jun 2024 15:57
Fully expect Change news anytime and hoping for some local updates next week , yesterday our partner Timor Gap , briefed the Cabinet on its upcoming requirement, soon and long term, that would include the begging bowl out for its share of the Chuditch drill , via increase in annual budget payment or another loan, submissions for 2025 T/Gap budget requirements , like other sectors , all to be submitted before August this year, Timor then hold a 10-14 day (cough) retreat seminar (the fat cats holiday) , to thrash out the provisional 2025 budget, for submission to Parliament for December.
Yesterday
The Minister of Petroleum and Mineral Resources, Francisco da Costa Monteiro, and the Chairman of the Board of Directors of TIMOR GAP, E.P. -Timor Gas & Petróleo, E.P. ("TIMOR GAP"), Rui Maria Alves Soares, presented Timor Gap's Activity Plan to the Council of Ministers.The plan envisages strengthening and developing institutions and human resources and establishing strategic partnerships. One priority is developing the Greater Sunrise field and implementing a gas pipeline to Timor-Leste. Exploration and development projects for potential onshore and OFFSHORE BLOCKS (inc Chuditch) and planning for the infrastructure needed