Country report
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15 Pages

Timor-Leste upstream summary

Timor-Leste upstream summary

Report summary

There is little upstream activity in Timor Leste and no commercial oil and gas production. Two non-commercial oil fields have been discovered, however, the most recent of these discoveries was in 1972. Total technical reserves from these fields amounts to 200,000 barrels of oil. The country held its first licence round in 2005, with 11 blocks offered. Six were awarded, with Eni picking-up five deepwater blocks. It drilled an unsuccessful exploration well in 2010. Reliance Industries also ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 604.78 KB 15 Pages, 3 Tables, 6 Figures
  • Country Overview XLS - 143.50 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Success rates
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Gas infrastructure
  • Policy and regulation
    • Key legislation
    • International boundaries
      • Timor-Leste/Australia Maritime Boundary Dispute
      • Timor Gap Treaty
      • United Nations Administration
      • Timor Sea Treaty and Timor-Leste Independence
      • Treaty on Certain Maritime Arrangements in the Timor Sea (CMATS)
      • CMATS expiry
    • Licensing
      • Gas Retention Area
      • Commercial Discoveries
      • Timor Sea Designated Authority (TSDA)
      • Autoridade Nacional do Petroleo (ANP)
  • Fiscal terms
    • Overview
    • Current fiscal terms
      • Model Production Sharing Contract
      • Domestic Market Obligation
      • Income Tax
      • Small Field Depreciation
      • Sample Cash Flow Key Assumptions

In this report there are 9 tables or charts, including:

  • Executive summary
    • Drilling Activity and Commercial Success Rates (1970 - 2014)
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
    • Net Acreage 2016
  • Geology
  • Exploration
    • Blocks Awarded
    • Timor-Leste 2006 Licence Awards
    • Drilling Activity and Commercial Success Rates (1970 - 2014)
  • Reserves and resources
  • Production
  • Infrastructure
  • Policy and regulation
  • Fiscal terms
    • GEM models
    • Fiscal terms: Table 2
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