Sunrise JV reaffirmed commitment to Timor-Leste's Greater Sunrise gas fields
Sunrise project sees light on horizon
Progress is being made on the Timorese LNG development, but is unlikely to reach production any time soon
The Sunrise joint venture (JV) has reaffirmed its commitment to develop Timor-Leste's Greater Sunrise gas fields. The JV—comprising Australian gas giant Woodside as the operator with 33.44pc, Timorese NOC Timor Gap with 56.56pc and Japan’s Osaka Gas with the remaining 10pc—“jointly affirms its commitment to undertake a concept select programme for the development of the Greater Sunrise fields”. The Timorese government says the JV has “agreed to select a reputable third-party consultant, specialised in this field, to conduct the concept select study”. The JV has not set out a timeline for development but says it “is aiming to complete the concept select programme expeditiously”, while the gov
Also in this section
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
17 December 2024
The incoming administration is expected to quickly change-up the LNG approvals process and boost several major projects to FID. But market fundamentals still matter
