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PM Rui Araujo
Investir no futuro de Timor-Leste
FUTURO
Timor-Leste acolheu a mais recente reunião trilateral da plataforma para o Desenvolvimento Económico Sub-Regional Integrado entre Timor-Leste, Indonésia e Austrália

Ai-han Timor Nian
Ramos-Horta
"Tantangan Timor Leste Makin Berat"
ECONOMIA
"..fo-hanoin ba ukun nain sira nebe tinan tinan truka hela deit ministrus, atu hare ba povu nia moris nebe "kuaze 50%" povu sei moris iha linha pobreza nia laran..."
Australia-Timor Leste
Notre Dame students experience the world and help those in need in Timor-Leste
Empresários - Timor Telecom
Empresários timorenses e fundo das Fiji na corrida pela Timor Telecom
Timor-Leste - BAII
Timor-Leste inicia processo de adesão ao Banco Asiático de Investimento em Infraestruturas
Timor-Leste - Maluku
Maluku kaji kerja sama dengan Timor Leste

quinta-feira, 2 de outubro de 2008

TIMOR SEA OIL FIND


Timor Sea oil Find

September 30, 2008

THE Sinopec/AED joint venture has hit oil in its latest exploration well on the Puffin oilfield, raising hopes that production can be increased at the Timor Sea project.Locally listed AED said the Puffin 11 well in the south-west sector of the field had intersected oil-bearing sand at 2013 metres. Preliminary results indicate an oil column of more than 20 metres.Sinopec, as operator, is assessing the rock quality, permeability and porosity before anything definitive about the find is said. The well willbe followed up by Puffin 12 in the north-east sector.Both wells are part of the joint venture's plan to boost oil production from the oilfield. Sinopec paid $600 million for a 60% share of the 4000-barrel-a-day operation earlier this year.That production level is well short of the 15,000-30,000 barrels a day that were originally planned when AED had full ownership. The joint venture plans to get to 30,000 barrels a day by undertaking remedial action at the field's underperforming wells and by drilling more appraisal/development wells..Sinopec is the world's seventh-biggest oil company. AED shares traded as high as $1.81 but closed at their low for the day of $1.625, an increase of 0..5¢.

BARRY Fitz GERALD

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