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Australasia

Timor Leste

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In development


History

In development

Timor Leste gained independence from Indonesia in 2002 although a maritime boundary was not agreed with Australia. The two sides adopted a temporary boundary but Timor Leste later argued that this deal had been unfairly forced upon them.

In 2016 the country contested the arrangement in the Permanent Court of Arbitration in the Hague and mediation was concluded in March 2018. A treaty put the border at the midway point between the countries in line with the United Nations Convention on the Law of the Sea (UNCLOS).

Australia had pushed for a border at the edge of its continental shelf and so the deal allowed Timor Leste to receive at least 70% of the largest field, Greater Sunrise. Previously potential revenue was to be split evenly between the countries. Australia also lost jurisdiction over all oil fields currently shared by both nations. Under the agreement, Timor Leste will receive 80% of revenue if Sunrise gas is processed in Australia.

For recent events see News


Oil and gas forecasts

See Timor Leste Charts



TIMOR LESTE: OFFSHORE WATERS

Globalshift.co.uk (source:  SundaGas)

E and P

News

Timor  Leste Datafiles

Excel files - histories and forecasts of production and wells in any category for all countries and regions

Timor Leste Charts