News
PUBLIC ANNOUNCEMENT Following the entry into force of the Decree-Law No.62/2023 of 6th September 2023, the 3rd amendment of Decree-Law No. 20/2008 of 19th June 2008 (the Amended Decree-Law), the then Autoridade Nacional do Petróleo e Minerais (ANPM) has now been changed to the Autoridade Nacional do Petróleo (ANP). The ANP remains responsible for managing […]
Since the Announcement of Bid Winner in April 2022, the ANPM has been working closely with the bid winners to negotiate the Production Sharing Contract (PSC) for each block and ensure that terms in the PSC are acceptable for both Government of Timor-Leste and the Winners who are soon to be the contractors. According to […]
A new partnership between the Government of Timor-Leste and IFC will ensure preparations for a carbon capture and storage (CCS) project in the Timor Sea meets global best practice while supporting the Southeast Asian nation in its greenhouse gas emissions mitigation efforts. Twenty years since independence and as the youngest country in Asia, Timor-Leste has identified private sector investment as key to unlocking future economic growth and jobs […]