NOC Timor Gap to take 20% PSC in all permits from licensing round

AFTER enacting the onshore petroleum laws at the end of May the government of Timor-Leste has now approved its national oil company Timor Gap to take a 20% participating interest in any production sharing contracts awarded from its upcoming licensing round. 

 NOC Timor Gap to take 20% PSC in all permits from licensing round  NOC Timor Gap to take 20% PSC in all permits from licensing round  NOC Timor Gap to take 20% PSC in all permits from licensing round  NOC Timor Gap to take 20% PSC in all permits from licensing round  NOC Timor Gap to take 20% PSC in all permits from licensing round
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.