AGP Executive Report
Last update: 3 hours agoOffshore Energy: Finder Energy has secured a rig for three development wells at the Kuda Tasi and Jahal fields, with drilling expected to start in late 2027 and first oil targeted roughly two years from now. Gas Project: Sunda Energy won a 12-month extension for its Chuditch gas contract, giving it and state-owned TIMOR GAP more time to agree on drilling plans after the regulator threatened termination. Regional Haze: Indonesian wildfire smoke pushed Timor-Leste to suspend in-person classes from October 15 to 17; Dili and eastern districts faced unhealthy air. Economic Ties: Timor-Leste and Indonesia signed an investment treaty to expand business links, while President José Ramos-Horta says costly diesel power and falling foreign aid are slowing economic diversification. Jobs: Timorese employment officers have trained with Indonesian and ILO support to improve job counselling and links to training and work. ASEAN Justice: Timor-Leste joined the Philippines and Cambodia in urging other ASEAN members to abolish the death penalty.
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