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East Timor Inaugural Offshore Acreage Release |
August 14, 2006
Previously published on October 13, 2005
East Timor, the newest country in the world, is opening two offshore areas for bid to perform oil
and gas exploration. After years of Indonesian occupation restricting petroleum exploration, the
country is opening its territory to private investment in the area. Gas discoveries in the region
are promising and commercial and taxation terms are attractive.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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