Timor-Leste powers up petroleum leadership

摘要

TIMOR-LESTE has boosted its petroleum leadership by promoting three experienced officials into the country's top roles at a time when it urgently needs fresh investment in new projects to replace the Bayu-Undan gas and condensate field. The three officials are Francisco da Costa Monteiro, appointed as the Minister for Petroleum Minerals, Rui Soares, the new chief executive of national oil company Timor GAP, and Gualdino da Silva, the new president of the National Petroleum Authority. All three were instrumental in the creation of Timor-Leste's oil and gas sector following the country's independence in 2002. Monteiro was the original head of Timor GAP; da Silva was the founding president of the ANP; and Soares is a former head of exploration and development at the ANP.