Business

Woodside sells Greater Sunrise stake to Timor GAP

Australian oil and gas company Woodside has agreed to sell its stake in the Greater Sunrise gas field to Timorese state-owned enterprise Timor GAP for 200 million dollars.

27 October 2026Tagblick Newsdesk

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Archive photo: Woodside sells Greater Sunrise stake to Timor GAP — Archive photoPhoto: Oracle Corporate Communications · Wikimedia Commons · CC BY 2.0

Woodside announced today an agreement with Timor GAP for the sale of its stake in the consortium that operates the Greater Sunrise gas field. The transaction value has been set at 200 million dollars.

Rui Soares, president of Timor GAP, stated that the company is now in a stronger position to develop Greater Sunrise following the acquisition of the Australian company's stake. According to the information released, the agreement strengthens the capacity of the Timorese state-owned enterprise to continue with the exploitation of the gas field.

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