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Timor-Leste operator Timor Assets is limbering up for the following spherical of exploration drilling in a trailblazing programme that has already uncovered two oil discoveries.
It’s the first onshore drilling marketing campaign in Timor-Leste in 50 years, throughout which era the nation gained independence from Indonesia in 2002.
Three new onshore wells are deliberate within the subsequent section beginning this yr — Rusa-1, Lafaek-1 and Laisapi-1 — with a mixed estimated imply recoverable useful resource of 378 million barrels of oil, Timor Assets instructed Upstream.
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