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Article: EAST TIMOR CHIEF MINISTER: 'WE'RE OPEN FOR BUSINESS'

Article from:
Gas - to - Liquids News
Article date:
April 1, 2002
Copyright

East Timor's Chief Minister Mari Alkatiri says a recent deal with Phillips proves his fledging country is open to new gas development projects.

"Timor Sea is open for business. I invite all investors to join East Timor and Australia in developing an area particularly rich in gas," Alkatiri told IBC's GTL conference in Perth, Australia, on Feb. 28.

Bayu-Undan Project Update

Last December, East Timor and Phillips Petroleum -- operator of the Bayu-Undan project -- reached a agreement to allow both the gas and liquids phases of Bayu-Undan to proceed, subject to the approval of the Australian government. "Through much consultation, East Timor and Phillips Petroleum were able to ...

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