TIMOR LESTE

(in Australasia)

CAPITAL: DILI

POPULATION: 1.2 mm

AREA (on): 15,100 km2

OIL PEAK: 2017 (forecast)

SUPPLY

First oil from Timor Leste was achieved in 1998, from Elang/Kakatua shared with Australia. In 2004 the Bayu-Indan gas/condensate field also came onstream also in the joint development area. Gas was recycled but came onstream in 2007, piped to Darwin for eventual conversion into LNG.

Subsequently growth in both oil and gas production from Timor Leste will be rapid as Bayu-Indan ramps up and as other fields come onstream, including Timorís share of Kitan and the Greater Sunrise gas complex in the Joint Petroleum Development Area.

 

DEMAND

Timor Leste became an independent state in 2002. It consumes very little oil and no gas but oil demand is increasing very rapidly as the country develops and as new indigenous oil comes onstream. Exports of oil and later gas will provide considerable sums to the government probably leading to rapid growth in oil demand for transport.

However the country, despite disagreements, is expected to continue to use no gas as its output, distant from the country, is arguably more appropriate for conversion to LNG in Australia.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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