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Maroc Maroc - ENERGY PEDIA.COM - 02/Sep 06:10

Timor-Leste: Santos concludes negotiations for TIMOR GAP’s entry into the Bayu-Undan joint venture

Santos has announced the Bayu-Undan Joint Venture (BUJV) and TIMOR GAP have agreed terms of a Sale and Purchase Deed (SPD) to transfer a 16 per cent interest in the Bayu-Undan upstream project to TIMOR GAP, with an economic date of 1 July 2024. A seventh extension of the Production Sharing Contract to 30 June 2026 has also been confirmed.

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