Sunda Energy is in negotiations with the authorities of Timor-Leste regarding the Chuditch project and is continuing the acquisition of Matahio Energy's assets in New Zealand, with plans for further production expansion.
Nigeria is currently holding a partially completed oil exploration licensing round, where nine companies—mostly local—have emerged as the main contenders for licenses. Competition for key blocks remains intense, and the application review process is still ongoing.
An online auction for oil and gas exploration licenses was held in the Arctic National Wildlife Refuge in Alaska, but it attracted only limited interest from participants. Out of 58 available tracts, bids were submitted for just five, with the total amount of bids reaching $6.3 million.
Petrus
