Timor-Leste betting on Triassic 

TIMOR-LESTE has plans to develop its on- and offshore hydrocarbon industry, pinning its hopes on more than Greater Sunrise and Bayu-Undan, set to decline soon, and Carnarvon Petroleum’s Buffalo oil field.

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At last week's Timor-Leste Oil and Gas Summit, which also saw the nation's second-ever licensing round offering 18 blocks, a series of geological presentations outlined hopes for true frontier areas