RE: Blue is the colour20 Sep 2023 09:35
Not close to the fat lady singing MD
They have been stuck in their own single minded trench for decades, even they now have
to realise, to complete their own TL Strategic Development Plan (SDP) 2011-2030 and the
since added major Northern Metinaro project (all hydrocarbon IMPORTS) they have to now
work with the industry (or get China BRI in)
SDP - to be funded by oil and gas profits (SPWF) to develop all social and sectors development
Agriculture, Tourism, etc, etc, looking at a TL AFTER oil and gas.
SPWF - Principally grew from revenues from Buffalo/Kitan oil fields , long depleted and Bayu-Undan
Gas - Darwin (2005-2023 Q1) main reservoir long depleted, running on drilled offset reserves, until
wind down earlier this year, for conversion to Carbon/waste storage.
Metinaro - Due to pandemic and raging weather in recent years, all fuel sources, not just Gas/LNG
to be directed to the P.I.T. petroleum IMPORT terminal. This was all stripped away from co-location
at Beaco with the Gas/LNG EXPORT terminals.
Announced in Parliament around 2 years ago, Metinaro near the capital Dili would support all the
Islands needs for at least 90 days, in the event of future disasters. This included the Gas/LNG imports
terminal and a large tank farm (90 days+ capacity), it was also announced, the 3 on Island power
stations, are to be converted from diesel to Gas, which would save them millions per annum. All to
be completed by 2025.......
Be pretty stupid , even for Gusmao & Horta, not to go with its own gas resources, as external imports
would cost more, with Sunrise and Troubadour (G.S.) set in Beaco concrete as far as they are concerned
and it if/when ever built, scheduled for , last tenders by 2030
Only our ready to go/drill Chuditch in a position to supply that cheap local production by 2025' ish
Still 🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞 they wake up and take the opportunity, to support
their own domestic Metinaro plan and Sundagas FPSO
Sundagas, who supported TL and continue to do so, helping them set up its own industry Timor Gap
ANPM , training , presentations and sponsors of the first two TL oil and gas conferences.
Sundagas and A.B our secret weapon, on the island since 2016 , long before it floated on the Singapore
market and Boil later entered the scene. 🤔