New Technology for Oil and Gas Exploration in Timor-Leste
Autoridade Nacional do Petróleo e Minerais Timor-Leste (ANPM) launched the 2nd Timor-Leste Licensing Round in October 2019 and immediately invested in the latest technology to ensure the success of the both the license round and future exploration.
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Example of GeoReality modeling. © Zebra Data.
ANPM engaged Zebra Data Sciences to build and manage their EzDataRoom® Web Geotechnical Virtual Data Room (VDR) filled with Timor-Leste seismic, well and other data. This permits interested investors unheeded access in order to assess the potential of the seven onshore and 11 offshore blocks from their offices – which turned out to be a very wise decision, considering the subsequent Covid-19 lockdowns across the world. Even if working from home, investors can still access the VDR with only a standard browser and internet access. ANPM included more hi-tech in the VDR with GeoReality® models covering the open blocks. See an example of this at georeality.com/TL2LR
In order to effectively promote the prospectivity of the onshore area, which has only airborne gravity and magnetic data, ANPM engaged GeoProspect™, a joint venture between Zebra Data and Cambridge Geoconsultants (CGC) to produce a Prospectivity Report of onshore Timor-Leste using CGC’s unique Intelligent Geological Target Identification process, an AI/neural network-based algorithm. The findings of the report suggest that the onshore region of Timor-Leste is rich in both oil and gas reserves, with the depth of the reserves varying between 1.5 and 5 km. The report may be licensed from GeoProspect.
