RE: Mountain News16 Mar 2023 08:33
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Sunrise Joint Venture partners resume negotiations on Greater Sunrise Development
DILI, 15 march 2023 (TATOLI) - Minister of Petroleum and Minerals Victor da Conceição Soares said that the Sunrise Joint Venture partners have resumed negotiations on the Greater Sunrise Development.
"Two weeks ago, the Joint Venture Partners, Woodside, Osaka Gas, and Timor Gap resumed negotiations on the Greater Sunrise Development. A team made up of ANPM, and Joint Ventures Partners, left for Perth, Australia, to have further discussions on Greater Sunrise," Minister Soares said at the Government Palace in Dili, today.
He said that progress has been made after the resumption of negotiations for the development of Sunrise.
"The disagreement between joint ventures is an internal issue. But through the effort that was made, we finally reached a solution through mediation, and now the joint ventures have agreed on the Concept Selection to decide whether the Oil and Gas in the Sunrise Field to be developed in Australia or Timor-Leste," Soares explained.