Timorese Prime Minister Xanana Gusmao (right) and UN Secretary-General Antonio Guterres
Greater Sunrise brightens Timor-Leste's outlook
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion
As Timor-Leste approaches the 25th anniversary of its independence referendum, the young nation’s upstream prospects have improved. The long-awaited Greater Sunrise development finally appears to be making progress, while independents are also exploring in and around the island. The Greater Sunrise joint venture (JV)—comprising Australian LNG giant Woodside (operator, 33.44%), Japan’s Osaka Gas (10%) and state-owned Timor GAP (56.56%)—recently appointed engineering consultancy Wood to undertake the project’s concept study. The results are due “no later than the fourth quarter of this year”, according to a joint communique from the JV and the governments of Timor-Leste and Australia. Wood wil
Also in this section
1 May 2025
The NOC’s dire financial situation and maturing fields has left the authorities with little choice but to reduce crude expectations
30 April 2025
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
30 April 2025
While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
30 April 2025
The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique
