According to a recent announcement, Sunrise Joint Venture (SJV) is about to open a selection process for the Greater Sunrise project’s development plan. Greater Sunrise is composed by the Sunrise, Sunset, Loxton and Troubadour offshore gas and condensate fields between Timor Leste and Australia.
The selection process will require the use of the latest technologies and the update of the initiative’s estimated cost. The submitted studies will also have to take into consideration aspects such as socio-economic factors, environmental impact, and safety of personnel.
SJV is formed by TIMOR GAP (Timor Leste’s national oil and gas company, 56.56%), Woodside Energy (33.44%), and Osaka Gas Australia (10%).
The joint venture said that it plans to execute the selection process quickly.
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