DILI, 20 september 2021 (TATOLI) – The National Petroleum and Minerals Authority (ANPM) has decided to extended the public tenders or second oil and gas licensing rounds of 18 blocks until march 15, 2022.
“The decision was made due to Covid-19 as many oil and gas companies had been halted their business activities, particularly the acquisition of the new resources. As a result, Timor-Leste’s campaign on second oil and gas licensing round of 18 blocks was impacted,” said in a statement.
In october 2019, the government launched the county’s second licensing round, releasing a total of 18 new blocks for public tender, covering a large percentage of the total on and offshore area of the country.
Seven of the offered blocks are onshore. They cover all the northern and eastern halves of the country, a total of nearly 10.000 km2, with the largest covering the whole eastern end of the country. The remaining 11 new blocks are in the offshore area to the south of the country, in the Timor Sea, said on the website of GEOExPro.
The second offshore licensing round had been scheduled to be due on october 1, 2021, and the new closing date is march 15, 2022.
The extension aims to allow international and national oil companies to prepare essential documents for the oil and gas tender.
In 2020, ANPM realized Timor-Leste’s Energy Summit to promote the second oil and gas licensing rounds of the18 blocks.
This year ANPM will participate in several events including, NAPE and OTC 2021, ADIPEC 2021, and African Oil Week 2021.
Journalist: Florencio Miranda Ximenes
Editor: Julia Chatarina
Translation: Filomeno Martins
Editor: Nelia Borges Rosario
