OFFSHORE NON-LIVING RESOURCES POTENTIAL IN TIMOR-LESTE 1 Presented by: José Gonçalves Autoridade Nacional do Petróleo e Minerais (ANPM) CONTENT ¢ Introduction ¢ Offshore Non-Living Resource ¢ Challenges & Opportunities ¢ Conclusion 2 WHO WE ARE : A BRIEF LOOK AT THE INSTITUTIONAL DEVELOPMENT PROCESSES Exclusive Area – Timor-Leste (Onshore and Offshore) Joint Development Area between Timor Leste and Australia 2003 – June2008 – Timor Sea ¢ 2002 – 2004 – National Directorate for Energy, and Mineral Resources (EMRD)– Ministry of Economic and Development ¢ 2005 – 2006 – National Directorate for Oil, Gas and Energy (OGED) – SoS for Minerals and Energy Policy ¢ 2007 – June 2008 – National Directorate for Petroleum and Gas (DNPG) – SoS for Natural Resources and Energy Policy Autoridade Nacional do Petróleo (ANP) 01 July 2008 – (Decree Law no. 20/2008) MINISTRY OF PETROLEUM AND MINERAL ¢ ¢ ¢ Designated Authority (TSDA) – Joint Commission of Australia and Timor Leste Autoridade Nacional do Petróleo e Minerais (ANPM) 09 February 2016 – RESOURCES (MPRM) (Decree Law no. 1/2016) 3 WHAT WE DO ¢ Managing and regulating petroleum and mining activities in TimorLeste area, both offshore and onshore and in the Joint Petroleum Development Area (JPDA) ¢ Establish and supervise compliance with the enacted rules and regulations covering the exploration, development, production, transportation and distribution of petroleum and natural gas resources ¢ Establish and supervise compliance with the enacted rules and regulations covering the exploration, development, operations and closure of mining activities ¢ Develop a strong petroleum and mineral management institution in Timor-Leste 4 OFFSHORE NON LIVING RESOURCES ¢ Marine placer deposits ¢ Fluvitile placers Beach placers Marine phosphorite deposits Phospate ¢ Marine evaporite deposits ¢ Marine hydrocarbon deposits OWNED BY Marine Polymetallic Sulphides (PMS) STATE OF (Liquid hydrocarbon and naturalTHE gas) Pyrite, bornite, galena/lead sulphide and native gold. ¢ Marine manganese nodules and crusts ¢ RDTL Iron and manganese oxides (nickel, copper and cobalt) Marine gas hydrate deposits ¢ Calcium sulphides, sodium and magnesium salt bearing minerals methane Marine hydrocarbon deposits Liquid hydrocarbon and natural gas 5 OFFSHORE MAJOR HYDROCARBON POOLS OF THE TIMOR SEA REGION ¢ ¢ ¢ ¢ ¢ Proven hydrocarbon provinces Exploration and production is ongoing in the area All exploitation is from Jurassic reservoir There are potential for resources at Triassic section Ongoing studies to further understand Triassic potentials 6 HYDROCARBON POTENTIALS IN TIMOR-LESTE AND JPDA 7 HYDROCARBON POTENTIALS IN TIMOR-LESTE AND JPDA 8 Timor-Leste Reserves volume and prospective resources 9 Timor-Leste Oil & Gas Attractiveness 10 CHALLENGES TO UNLOCK THE POTENTIALS ¢ Attracting Investors in the current oil price environment ¢ Legal framework ¢ Infrastructures ¢ Geological and Supporting services and Geophysical data and information 11 OPPORTUNITIES ¢ Large open acreage for exploration ¢ Better/Cheaper ¢ Potential improved technology tertiary plays 12 CONCLUSION Timor Leste’s offshore non living resources potential is yet to be fully developed. ¢ Offshore hydrocarbon deposits has been developed and more potential are there to be further developed. ¢ ¢ Non hydrocarbon deposit resources potential are yet to be explored. ¢ Sufficient potential to attract investment in this sector 13 Obrigado 14 15 Charlton, 2002a Mineralised Areas Identifed to date: • Illimanu Marble, Chromite & Quartz Veins • Vemasse Copper-Manganese • Manufahi Placer Deposits .etc… 16 17
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