ANPM

AUTORIDADE NACIONAL DO PETRÓLEO E MINERAIS TIMOR-LESTE

To be a leading petroleum and mineral regulatory authority in the region

ANPM

Annual Report 2009

It is with great pleasure that we present to you the 2009 Annual Report of the Autoridade Nacional do Petrόleo (ANP) Timor-Leste.

The ANP was only one and a half year old in December 2009, yet the challenges that it faced throughout the year were notably significant. Despite the challenges it faced, with the complementing roles of the executives and the Board of Directors, significant achievement was made both at the corporate level, and at the operational level with the PSC operators in which the ANP plays its role as the petroleum regulatory authority.

At corporate level, ANP managed to successfully establish its own medium term Strategic Plan covering the period 2009-2012. Further annual budgets and detail activities will be prepared based on the established plan. More policies and procedures were also established to better manage activities and resources within the organization. Another important highlight to note is the continuous investment for the staff capability development. Throughout the reporting period ANP staffs undertake trainings and internships with various training institutions and stakeholders, aiming for hands on experience and industry exposure which in turn will contribute to ANP.

At the regulatory level the ANP went through a great experience in assessing the Kitan Field Development Plan (FDP) in 2009. By the year’s end, assessment for the KITAN FDP was already completed, awaiting the results of a third party review. In the area of safety, the ANP, for the first time, undertake safety inspections at the Bayu-Undan facility. Two safety inspections were conducted and the findings were acted upon accordingly by ConocoPhillips and its JV Partners. Further, an Emergency Response Plan (ERP) report was also completed following intensive consultation and a workshop between all relevant stakeholders in Timor-Leste. The report served as a base for future coordination between all relevant stakeholders for the establishment of an Emergency Response Unit catering for petroleum activities Offshore and Onshore in Timor-Leste. In the area of exploration, assessments for seismic survey’s application of the PSC (JPDA) 101A and the drilling of wells in PSCs (JPDA) 06-102 and 06-103 were also completed. In the area of Production, various technical assessments were undertaken prior to granting approval to the second phase drilling campaign at the Bayu-Undan field. The drilling will continue until mid 2010. Amongst all the above, the completion of the draft regulation for the JPDA can also be considered another important achievement as the process has been in place for few years. The establishment of the regulation in 2010 will pave the way for a better resource management in the future.

To sum up, the 2009 ANP annual report covers information reflecting corporate activities and other activities related to the petroleum activities under the ANP’s areas of jurisdictions. We hope that the report provides sufficient updates on the petroleum resource management in ANP’s jurisdictions to public and we always welcome for suggestions and constructive criticisms for better presentation and improvement in the future.

Faithfully yours,

Gualdino da Silva

ANP President

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