AGP Executive Report
Last update: 12 hours agoLimestone Prospect: Estrella Resources’ scoping study projects a US$1.45 billion after-tax value for its Werumata project, based on a proposed 25-million-tonne-a-year mine and port. The company targets a final investment decision in late 2027 and first production in 2028. Energy Security: Timor-Leste is considering joining an ASEAN oil-products stockpiling scheme that could start as early as 2027, with storage sites planned in Indonesia and Thailand. Offshore Development: Singapore’s PaxOcean is reportedly leading the race to refurbish the Petrojarl I FPSO for Finder Energy’s offshore Timor-Leste project; a contract decision is expected after a final investment decision, now due November 30. Infrastructure Finance: Southeast Asia faces a projected US$264 billion annual infrastructure funding gap, according to the ADB, highlighting the challenge of financing regional energy, transport and digital networks. Industry Framework: South Korea will help Timor-Leste establish an intellectual property office, supporting the country’s efforts to develop agriculture and manufacturing beyond oil.
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