Exploration & Production

Australia and East Timor agree Greater Sunrise split

The two countries have agreed a royalty-sharing split for the gas field following their new maritime boundaries treaty The two countries have agreed a royalty-sharing split for the gas field following their new maritime boundaries treaty.
By Damon Evans 7 March 2018 0 29886
Australia and East Timor signing the maritime border treaty. (PA)

Australia and East Timor have agreed a new royalty-sharing split for any potential development of the Greater Sunrise gas field after signing their new maritime boundaries treaty. But Dili’s accusations of foul play against the Australians could stall further progress.

The treaty, which was signed at the UN headquarters in New York on Monday, establishes a permanent maritime boundary between East Timor and Australia in the Timor Sea, ending a long-running territorial dispute. It also puts a larger portion of Greater Sunrise – which straddles the...