The Autoridade Nacional do Petróleo e Minerais Timor-Leste (ANPM) has invested in the latest data room technology to support ongoing 2nd Licensing Round and future oil and gas exploration in Timor-Leste.
John Mark Bautista, Philippines Department of Energy
Although the Philippines remains very much underexplored, working petroleum systems, proven hydrocarbon accumulations and an energy hungry economy suggest a promising future for oil and gas exploration and production in the region.
South East Asian oil and gas explorers started 2020 with new licensing rounds and extensive exploration drilling and seismic programmes planned but the current economically challenging conditions created by Covid-19 is likely to extend, delay or temporarily suspend these activities.
In October 2019 the Democratic Republic of Timor-Leste (East Timor) launched the county’s second licensing round, releasing a total of 18 new blocks for public tender, covering a large percentage of the total on and offshore area of the country.