Minister Agio Pereira meets with Santos to Evaluate Bayu-Undan Projects
The Minister of the Presidency of the Council Ministers, Agio Pereira, met today, October 23th 2025, at the Government palace, with the National Director of Santos in Timor-Leste, José Lobato, to analyse the current state of enterprise operations in the country and discuss the future investment plan, following the closure of production at the Bayu-Undan field, which officially took place in June this year. 
During the meeting, Santos presented updated information on the process of ceasing production activities and on the progress of ongoing studies regarding the feasibility of converting the Bayu-Undan field for carbon capture and storage (CCS)- an initiative that could position Timor-Leste as a regional hub in this emerging area of energy transition.
The meeting is part of the Government’s efforts to ensure an orderly transition after the closure of operations in Bayu-Undan, ensuring that existing infrastructure can be leveraged through new investments and technological solutions aligned with national sustainable development and economic diversification goals.
