Setting Timor-Leste's boundaries
While settling a maritime border dispute with Australia is a step forward in relations between the two countries, it won't resolve all the issues
One of the outstanding points of contention between Timor-Leste and Australia is how revenues from the Joint Petroleum Development Area (JPDA), shared by the two countries, will be divided in the future. The JPDA includes the Greater Sunrise field that, according to Australia's Woodside Energy, contains contingent resources of 5.13 trillion cubic feet of gas and 225.9m barrels of condensate. Located about 150km southeast of Timor-Leste and 450km northwest of Darwin, Sunrise is split between operator Woodside with 33.4%, ConocoPhillips (30%), Shell (26.56%) and Osaka Gas (10%).
Unfortunately for Timor-Leste, nearly 80% of Sunrise lies in Australian waters, and one of the main issues in the a
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