Angolan delegation visits Timor-Leste to analyse oil exploration

29 May 2014

A delegation from Sonangol Hidrocarbonetos Internacional has been in Dili since Wednesday to analyse the possibility of setting up a consortium within the Community of Portuguese-speaking Countries (CPLP) for onshore oil exploration in Timor-Leste (East Timor).

Manuel Teixeira, the chief executive of Sonangol Hidrocarbonetos Internacional a subsidiary of Angolan state oil company Sonangol, told Portuguese news agency Lusa that the trip to Dili was intended to assess if the areas made available actually have potential for oil exploration.

During its stay in Timor-Leste, the delegation from Sonangol Hidrocarbonetos Internacional will visit Suai, on the south coast of Timor-Leste, where the Timorese government is carrying out an oil industry project.

In March, the chairman of Timor Gap, the Timorese state oil company, announce that the authorities had set up a consortium with CPLP partners for onshore oil exploration in Timor-Leste.

Sao Tome and Principe, Cabo Verde (Cape Verde), Guinea Bissau, Mozambique and Portugal have shown interest in the initiative, although Brazil has not shown interest due to the demands of exploring its own resources.

Timor GAP, which was created in 2011, works on behalf of the Timor State in the oil and gas business, including onshore and offshore activities, both nationally and internationally. (macauhub/AO/TL)