EXPLORATION

Timor Sea partners to vary work program

THE Oilex-led JPDA 06-103 joint venture in the Timor Sea has received approval to vary the production sharing contract work program that allows the relinquishment of the block if the third well is unsuccessful.

Marija Stojkovic

Under the varied work program, approved by the Designated Authority for the Joint Petroleum Development Area in the Timor Sea, the decision to drill the fourth commitment well will be at the discretion...

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