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Big decisions for East Timor as treaty is ratified

The maritime boundary treaty between East Timor and Australia has been ratified, giving the Southeast Asian nation control over valuable assets in the Timor Sea, but a strategic plan for further development is lacking The maritime boundary treaty between East Timor and Australia has been ratified, giving the Southeast Asian nation control over valuable assets in the Timor Sea, but a strategic plan for further development is lacking.
By Damon Evans 5 September 2019 Asia Pacific / Exploration & Production 0 34545
A platform at the Bayu-Undan field. (ConocoPhillips)

The key issue: East Timor ratified a treaty with Australia on 30 August that gives the Southeast Asian nation full jurisdiction over the Bayu-Undan field in the Timor Sea as well as most of the undeveloped Greater Sunrise field.

Interfax analysis: The formalisation of the maritime boundary treaty between East Timor and Australia could pave the way for the development of the Woodside Petroleum-led Greater Sunrise field. It also provides an opportunity to extend the life of the ConocoPhillips-operated Bayu-Undan field, which is due to be shut...