Approximately 20% of the Greater Sunrise fields lie in a joint development area between East Timor and Australia.

Discoveries & Reserves

East Timor ready to buy Sunrise stake to keep it onshore

The Timorese government has offered to buy Woodside Energy’s stake in the Greater Sunrise fields to make sure an LNG plant is built onshore.

Latest News & Features

The Discoverer Americas at work for Statoil offshore Tanzania. (Paul Joynson-Hicks/AP/Statoil)

Projects

Tanzania PSAs to be public, but not renegotiated

Dodoma will make details of all 26 PSAs it has signed with oil companies publicly available. But it looks increasingly unlikely they will be opened up for adjustments – much to the relief of IOCs.

Production in the UK North Sea is in decline and the industry has requested tax breaks. (BP plc)

Projects

Tax breaks last hope for UKCS drilling

The UK government’s March Budget is expected to include tax measures to help revive the ailing UK Continental Shelf drilling industry.

Lebanon’s 10 offshore exploration blocks.

Licensing Rounds

Waiting for good news from Lebanon

Lebanon has delayed its first offshore licensing round five times, but a renewed push to pass two decrees vital to managing the auction could see blocks tendered this year.