RE: Reminder what is for Sale/Sundagas18 Apr 2023 11:11
Long before Boil got involved, Sundagas arrived on the Island in 2016 and assisted
the development of Timor Lestes own industry and companies, Timor Gap NOC
ANPM and local training has been ongoing ever since.
Sundagas reward, the award of Chuditch (without tender)
Timor Leste is determined to complete two projects, Metinaro in the North
Petroleum Import facilities, including Gas/LNG to feed its 3 being converted
power stations and to hold a 90 day emergency domestic supply.
TL hit badly in recent years by severe storms etc, hence the project to avoid
the disruptions of the past events.
That project was initiated in Parliament with a deadline of 2025/26 , Sundagas
FPSO plan would be a great fit, to supply that domestic need ,way ahead of the
other project timetable.
Beaco Gas/LNG Export facilities (Sunrise HUB/pipeline) October last year, tender
was placed for by 2030, much later that Metinaro.
One way or the other, the Sundagas and Island relationship factor , will come into
play, probably as it suits the Island, Chuditch WILL be part of one or even both of
those projects.
Could develop the CH-1 drill area, to supply the Domestic needs, then increase wells
and production later to go via the Sunrise HUB.
Sundagas, one day, will give Boil a big payday. GLA