MARKETS

Exciting opportunity attracts LNG investors off East Timor

Baron Oil is seeking investors to back a relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project.

Mural of East Timor flag on a wall in Dili, by Damon Evans

Mural of East Timor flag on a wall in Dili, by Damon Evans

Significantly, the field, discovered by Shell in 1998, is expected to be larger than initially thought, following modern seismic interpretation work, Baron Oil told Energy News in a recent interview. ...

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