The Timor-Leste/Australia Joint Petroleum Development Area (JPDA) is located in the Timor Sea. It is approximately 400 kilometres northwest of Darwin, Australia and around 100 kilometres south of Timor-Leste. Explorers have historically focused on gas targets, but there are significant amounts of undeveloped gas in the area so exploration in the near-term is expected to focus on oil. Companies such as Woodside and Shell have participated in the basin in the past, but interest waned due to disappointing exploration results, and political and fiscal uncertainty.
This Exploration Basin report provides a detailed analysis of exploration in this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. We evaluate the yet-to-find volume and value potential.
This report is accompanied by multiple excel downloads which detail costs, volumes and value.
Timor Leste Australia JPDA Bonaparte.zip ZIP - 2.45 MB
Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
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