Timor Leste/Australia: Oilex JV receives termination notice for JPDA 06-103 PSC

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

Oilex, in its capacity as Operator of the JPDA 06-103 PSC, has received a Notice of Intent to Terminate the PSC from the ANP, which asserts a monetary claim against the JV for payment of the estimated cost of exploration activities not carried out.