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OIL & GAS

TIMOR GAP secures stake in Bayu-Undan as Santos eyes carbon capture future

Timor-Leste's timely opportunity or a case of too little, too late?

Rueben Hale
Bayu-Undan and Darwin gas project. Credit: TIMOR GAP

Bayu-Undan and Darwin gas project. Credit: TIMOR GAP

Santos and TIMOR GAP—Timor-Leste's state-owned oil company— have formalised a deal to secure TIMOR GAP a 16% interest in the Bayu-Undan upstream project.  The deal positions the company for its first...

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