Timor-Leste: Greater Sunrise Is Crucial For Timor Sea Development

Feb 19, 2015 | Lauren Barrett, Hart Energy
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Hydrocarbon discoveries in the Timor Sea are plentiful, but there is much conjecture as to whether brownfield or greenfield development is the best way to go for commercializing the finds.In the meantime, the region’s biggest sleeping giant is at a standstill.Synonymous with one of the worst oil spills to ever occur in Australian waters, the Timor Sea in the eastern Indian Ocean has been a source of the country’s oil production since the mid-1980s. Subsequently, it has been the center of the charge to open up Northern Territory’s gas export industry. The region boasts more than 425 Bcm (15 Tcf) of discovered gas that remains to be developed.