RE: Our drill possibly could use the Valris 2479 Apr 2024 18:16
Or its for their own license in Timor Leste waters, with ENI ,another that has been idle since being issued in 2013 under the old JPDA Regime. It's located on top of the North West corner, of the AREA R wider bayu area license, probably not as most of those smaller licenses to the TL- Indonesian waters border area , historically were lots of small oil reservoirs, vice gas, would have thought, too small a target for the two majors these days.
Unless INPEX recent visit to TL , was to get all the acreage around that license, hoping that visit was INPEX having bigger plans ,like you said, we still await the identity of AB's trawl for a jv drilling farm in partner, ENI and INPEX stepping up activity in the region, so why not , one or both of them.🤔
24% TIMOR GAP
35.47% INPEX
40.53% ENI
PSC TL – SO – T 19 – 11
TIMOR GAP signed its first PSC in 2013, through its wholly owned subsidiary TIMOR GAP PSC 11-106, to begin the process of exploration and development of petroleum resources in a block located in the former Joint Petroleum Development Area (JPDA). The area includes proven but untouched reserves such as Jahal, Kuda Tasi Squilla and Krill fields, in addition to other prospective fields for exploration.
Excellent news in itself if that is the case, only movement on any offshore license in years , is our partial development 800 sq km of the Chuditch license, that one ENI and INPEX with multiple known fields, as per waiting for a home.