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Sunda Gas sign MoU with Timor GAP and MPMR to develop the Chuditch Gas Field

Sunda Gas sign MoU with Timor GAP and MPMR to develop the Chuditch Gas Field

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DILI, 13 december 2024 (TATOLI) – A Memorandum of Understanding (MoU) was signed today under the Production Sharing Contract TL-SO-19-16 to advance the development of the Chuditch gas field.

The agreement was signed by Andy Butler, CEO of SundaGas Banda Unipessoal Lda, Rui Soares, President and CEO of TIMOR GAP, E.P, and Francisco da Costa Monteiro, Minister of Petroleum and Mineral Resources.

The MoU formalizes collaboration between TIMOR GAP and SundaGas to plan and accelerate the development of the Chuditch gas field.

MoU establishes a mutual understanding to work collaboratively toward monetizing the Chuditch gas in the near future. This will involve evacuating gas through a pipeline and an LNG plant in Natarbora, Timor-Leste.

The project also considers the potential utilization of Bayu-Undan facilities to process the gas, which could extend the lifeline of the Bayu-Undan Project.

SundaGas holds a 60% stake in the project, in partnership with TIMOR GAP’s subsidiary, TIMOR GAP Chuditch Unipessoal Lda.

 

 

Journalist: Camilio de Sousa
Editor: Filomeno Martins 

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