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At last agreement with Timor-Leste over oil and gas field

Lindsay Murdoch |  30 March 2018

Bangkok: Australia and East Timor will sign a landmark agreement aimed at opening the way to share revenue from the $50 billion Greater Sunrise oil and gas field in the Timor Sea at the United Nations next week.


But intense negotiations have so far failed to settle how the field could be exploited by a Woodside Energy-led consortium.

 

Recommendations by the Permanent Court of Arbitration at The Hague, which has overseen negotiations between the neighbouring countries, on how the dispute should be settled are expected to be released in mid-April.

 


Lindsay Murdoch

References


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