AGP Executive Report
Last update: 3 hours agoHaze Emergency: Indonesian wildfire smoke has darkened skies and forced school closures in Timor-Leste, as the region faces its worst haze crisis in a decade. Indonesia has accepted firefighting help from Malaysia and Singapore. Offshore Energy: Finder Energy contracted the Hakuryu-5 rig for three development wells at the KTJ project offshore Timor-Leste, with drilling planned from late 2027 and first oil targeted in about two years. Chuditch Gas Project: Regulator ANP granted Sunda Energy a 12-month extension, giving it and Timor Gap more time to agree on plans for drilling, including a possible farm-in and transfer of operatorship. Economic Links: Timor-Leste and Indonesia have signed an investment treaty to expand business ties, while Indonesia is sharing employment-counselling expertise with Timorese public employment officers. Energy Transition: President José Ramos-Horta says dwindling aid and costly diesel mean Timor-Leste still needs oil and gas development to support economic diversification and a shift to green energy.
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