Timor Gap EP
The Timor Gap EP is East Timor's national oil company . The country has oil and natural gas deposits , especially in the Timor Sea . Timor Gap is based in the state capital Dili , in the Timor Plaza building complex . The name of the company refers to the Timor Gap , the region in the Timor Sea where the oil fields are located. "EP" stands for "Empresa pública" ( German public company ).
The Timor Gap has a mandate to conduct oil and gas business on behalf of the government of Timor-Leste. In 2013, the first production participation agreement for offshore exploration was signed in a joint venture with Eni and INPEX . Timor Gap acquired a 56.6% stake in the Greater Sunrise Well Consortium in the Timor Sea for $ 650 million.
On land, too, people are now looking for oil deposits in the south of East Timor. Downstream plans are to build a refinery and a liquefied natural gas plant, as well as a network of retail filling stations in East Timor. The Tasi Mane infrastructure project is also managed by Timor Gap.
Since 2011 Francisco da Costa Monteiro has been President of the Executive Council of the Timor Gap. On July 13, 2020, he was replaced by his previous deputy, António José Loiola de Sousa , by a decision by the East Timorese government .
See also
Web links
Individual evidence
- ↑ a b c Timor Gap: Welcome Message , accessed on July 13, 2020.
- ↑ a b Observador: Governo timorense exonera presidente da Timor Gap e nomeia o seu sucessor , July 8, 2020 , accessed on July 13, 2020.
- ↑ Lusa: Novo presidente da petrolífera timorense Timor Gap assume funções , July 13, 2020 , accessed on July 13, 2020.