Timor Leste proposes onshore oil exploration with Portuguese-speaking partners

3 March 2014

The Timor Leste (East Timor) oil company is consulting partners within the Community of Portuguese-speaking Countries (CPLP) to set up a consortium for onshore oil exploration in Timor-Leste, the chairman of Timor Gap said Saturday.

Francisco Monteiro also said that the aim was to “mobilise member-states for onshore oil exploration in Timor Leste,” mainly on the south coast.

Monteiro said that in 2013 he went to Portugal to speak oil group Galp Energia and the Portuguese authorities and that in February of this year he had spoken to Mozambique and Sao Tome and Principe.

“In Mozambique we spoke to the Minister for Natural Resources, with Empresa Nacional de Hidrocarbonetos and the National Oil Institute and in Sao Tome and Principe with the National Oil Agency and other authorities,” he said.

In relation to Brazil, Cabo Verde (Cape Verde) and Angola, the chairman of Timor Gap said that Cabo Verde “has shown interest,” that he was waiting for a response from Angola and that Brazil, via Petrobras, had said “it couldn’t be part of the consortium.”

Timor Gap, which was set up in 2011 and acts on the Timorese state’s behalf in the oil and gas sector, including onshore and offshore activities, both nationally and internationally. (macauhub)