The Timor-Leste government is finalising the prequalification process for the companies that will bid in the Southeast Asian nation's current licensing round for onshore and offshore exploration blocks.

The national petroleum and minerals regulator - ANPM - said 14 January 2022 was the last day for companies to submit prequalification documents to be eligible to participate in Timor–Leste's second licensing round.

The ANPM said that as of Monday a total of nine companies had prequalified, while another four had made submissions that were being reviewed to assess the companies' technical and financial competence, as well as legal competence and local content experience.

Prequalified companies will be invited to bid between 24 January 2022 and 4 March 2022.

Assessments of bids will take one month, with results expected on or about 15 April 2022.

A total of 18 exploration blocks are available in the round - seven in the onshore play and 11 in the offshore area.

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