During this exclusive interview, The Energy Circle by IN-VR spoke with Altus Oil and Gas Services about their long standing support for Timor-Leste’s upstream operations including Bayu Undan, their commitment to local content and skills transfer, strategic partnership goals at the 5th Timor-Leste Energy, Mining & Business Forum, and their focus on bringing international best practices and innovation to build a sustainable energy sector.
Q1: What role does Altus Oil and Gas Services play in supporting upstream and field operations in Timor-Leste?
A: Altus has established a strong presence in the Asia-Pacific region, spanning across Asia and Australia to offer a range of services, and is now ready to extend its support to upstream and field operations in Timor-Leste, complementing our existing local services:- Supply base services- Logistics services- Customs clearance- Material Management- Casing handling and preparation- Provision of Mud plant services- Supply of Drilling fluids and production chemicals- Hazardous chemical handling2- What recent projects or milestones has Altus supported in Timor-Leste’s oil and gas sector?Altus has a long-standing presence in Timor-Leste's oil and gas sector, marked by significant milestones and projects that underscore our commitment to the region's energy industry. Notably, we have been a trusted partner in supporting Bayu Undan offshore operations since February 2006, providing an extensive range of supply chain activities that have been instrumental in the project's success.Our involvement in Bayu Undan has spanned critical phases, from the commencement of gas production to the current suspension of operations. Throughout this period, we have demonstrated our capability and reliability in managing various and complex supply chain logistics, ensuring the timely delivery of essential goods and services.As Timor-Leste continues to develop its energy resources, Altus remains dedicated to deliveringhigh-quality services and support, leveraging our extensive experience and expertise to make a meaningful impact in the region's oil and gas sector. We are committed to contributing to the country's energy security and economic prosperity, building on our long-term partnership with key stakeholders in the industry.
Q3. How do you see local content and skills transfer evolving as Timor-Leste develops its energy industry?
A: As Timor-Leste continues to develop its energy industry, local content and skills transfer will play a vital role in driving growth and sustainability. With its rich resources and strategic location, Timor-Leste has immense potential to support the expansion of the oil and gas sector.
At Altus, we recognize the importance of local participation and capacity building in unlocking this potential.Since 2015, we have been committed to developing local talent and capabilities, and we've made some progresses in nurturing a team of skilled Timorese professionals. These individuals have not only contributed to our operational success but have also become integral to our organization.As we look to the future, Altus is dedicated to further growing and expanding our Timorese business, ensuring that we can effectively support the sector's growth across the country. We believe that local content and skills transfer are essential to creating a sustainable energy industry that benefits the people of Timor-Leste. By investing in local talent and capabilities, we can build a stronger economy for the future.
Q4. What kind of partnerships is Altus Oil and Gas Services looking to establish with Timorese companies and institutions during the 5th Timor-Leste Energy, Mining & Business Forum?
At the 5th Timor-Leste Energy, Mining & Business Forum, Altus Oil and Gas Services is looking to establish strategic partnerships with Timorese companies and institutions that share our vision for growth and development in the energy sector. We firmly believe that partnerships are essential to driving progress in the mining, oil, and gas industries, and we're committed to fostering collaborative relationships with like-minded entities.With our years of experience in Timor-Leste, we've established a foundation for growth and have successfully partnered with local companies and supported foreign entities through our local presence. We're now seeking to expand our network and explore new opportunities for collaboration that can benefit both our partners and the local economy.Through these partnerships, we aim to leverage our expertise and resources to support the development of Timor-Leste's energy sector, while also contributing to the country's economic growth and social progress. We're excited to engage with potential partners and explore mutually beneficial opportunities that can drive growth in Timor-Leste.
Q5. How does Altus plan to bring international best practices, safety standards, and innovation to its operations in Timor-Leste?
At Altus, we're committed to bringing international best practices, safety standards, and innovation to our operations in Timor-Leste. With a presence in eight countries across South-East Asia, over 500 staff, and 30 operating facilities, we've established a strong regional footprint.
In line with our approach in other countries, where National Managers are in-country nationals, we're developing our Timor operations with the same local focus. Our regional strength, safety focus, and commitment to excellence set us apart from other operators.To build a thriving oil and gas industry in Timor-Leste, we're leveraging our regional expertise tosupport and train Timorese nationals. By equipping them with transferable skills, we aim to create a sustainable and enviable business enterprise that benefits the local community.
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