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.

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.