Sunda Energy pursues offshore drilling campaign for Chuditch appraisal well

Sunda Energy’s subsidiary, SundaGas Banda Unipessoal, has entered into a non-binding Letter of Intent (LOI) with an international drilling contractor for the use of a jackup drilling rig for the appraisal drilling campaign on the Chuditch Field, offshore Timor-Leste.

Signature of the LOI enables Sunda Energy to progress regulatory approvals for the use of the jackup rig in Timor-Leste, including the preparation of the required drilling safety case and other campaign specific documentation, in compliance with applicable law in Timor-Leste. The rig is expected to complete its ongoing work in the region before becoming available for Chuditch appraisal drilling in Q2 2025.

“Today’s news of this Letter of Intent is an important step towards our forthcoming appraisal drilling campaign on the Chuditch Field,” said Dr Andy Butler, CEO of Sunda Energy. “We are pleased to be working with a leading offshore drilling contractor that can provide us with a rig that meets all our required specifications.”

The entry into the definitive Agreement will be subject to standard conditions including mandatory regulatory approval by Autoridade Nacional do Petróleo (ANP), the upstream regulator acting on behalf of the Ministry for Petroleum and Mineral Resources of Timor-Leste. SundaGas is liaising closely with ANP in its drilling preparations and is committed to ensuring the Chuditch appraisal campaign is carried out in line with the work program and budget approved by ANP.