Timor-Leste: East Timor Plans First Onshore Bid Round

Jun 20, 2014 | Rick Wilkinson, Oil & Gas Journal
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The Democratic Republic of Timor Lesté (East Timor) is planning its first bid round for onshore acreage toward the end of this year.

The country’s Minister for Petroleum and Mineral Resources, Alfredo Pires, said recently that his department is considering adding an onshore acreage release to the proposed next round of offshore permit bidding.

Timor Lesté has known onshore oil and gas seeps, particularly along the south coast where 20 such occurrences have been documented. Several have been exploited by the local population by digging pits and bailing out the oil for domestic use.