Finance

Australian operator gives up on Timor-Leste, killing off oilfield redevelopment prospects

Oilfield redevelopment plans shelved after disappointing appraisal work

Earlier incarnation: the Buffalo Venture floating production, storage and offloading vessel (shown) produced from 1999 to 2004 on the Buffalo field, offshore Timor-Leste.
Earlier incarnation: the Buffalo Venture floating production, storage and offloading vessel (shown) produced from 1999 to 2004 on the Buffalo field, offshore Timor-Leste.Photo: ADVANCE ENERGY
Singapore
Published 25 July 2023, 02:34Updated 25 July 2023, 13:48
Southeast Asia