Sunda Energy granted extension for Timor-Leste gas PSC

Oil & Gas Journal ·

Sunda Energy PLC has obtained a 12-month extension from ANP to negotiate drilling plans for the Chuditch-2 well offshore Timor-Leste, allowing more time for discussions and approvals...

Sunda Energy PLC has received a 12-month extension to the current phase of its production sharing contract (PSC) offshore Timor-Leste in Southeast Asia, giving its joint venture more time to negotiate a path to drilling the Chuditch-2 appraisal well.

Granted by upstream regulator Autoridade Nacional do Petróleo (ANP), the extension applies to PSC TL-SO-19-16, which contains Chuditch gas field under a contract operated Sunda subsidiary SundaGas Banda Unipessoal Lda. on behalf of government-owned partner TIMOR GAP Chuditch Unipessoal Lda., Sunda said in a release Oct. 19.

In June, ANP notified the partners—which have been preparing to drill Chuditch-2—of its intention to terminate the PSC, citing the joint venture’s failure to meet the contract-year 3 minimum work requirement for drilling the well by June 18, 2026. That notice gave the partners 120 days to submit written representations before ANP could decide whether to terminate the contract, Sunda said.

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