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The agreement deemed 20.1% of the resources of the
Greater Sunrise field as lying within the JPDA, attributing 20.1% of production from it to the JPDA and 79.9% to Australia. With East Timor getting 90% of the revenue of the JPDA, it effectively was only going to receive 18.1% of the revenue from the
39:
and
Australian territorial waters as determined by the 1972 seabed boundary agreement between Australia and Indonesia. Unitisation of the field would enable it to be treated as one as far as exploitation, regulation, revenue taxation, management and other purposes are concerned, giving certainty to
71:, East Timor's Minister of State for the Presidency of the Council of Ministers. The agreement came into force on 23 February 2007 by virtue of the coming to force of CMATS on the same day.
80:
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35:, together known as the Greater Sunrise field. The Greater Sunrise field straddles the border between the joint petroleum development area (JPDA) established under the
31:
The
Sunrise International Unitisation Agreement (Sunrise IUA) was made to enable the exploitation of the Sunrise and Troubador petroleum and gas fields in the
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field. This share ratio was amended to both
Australia and East Timor getting equal share of the upstream revenue from the field with the signing of the
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Full text of agreement available from the
Australasian Legal Information Institute's Australian Treaty Series database at
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investors by providing a financial framework and international legal basis for development of the field.
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48:(CMATS) in 2006. By virtue of this, this agreement is "read together" with CMATS and the
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on 6 March 2003 by then
Australian Minister for Foreign Affairs
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relating to the
Unitisation of the Sunrise and Troubadour Fields
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Treaty on
Certain Maritime Arrangements in the Timor Sea
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Treaty on
Certain Maritime Arrangements in the Timor Sea
22:and the Government of the Democratic Republic of
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16:This agreement is officially known as the
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7:
18:Agreement between the Government of
154:Treaties entered into force in 2007
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174:Australia–East Timor relations
55:The Sunrise IUA was signed in
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169:Australia–East Timor border
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149:Treaties concluded in 2003
134:Joint development areas
164:Petroleum in Australia
144:Treaties of East Timor
139:Treaties of Australia
159:Energy in East Timor
129:Commercial treaties
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87:Timor Sea Treaty
65:Alexander Downer
50:Timor Sea Treaty
37:Timor Sea Treaty
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24:Timor-Leste
118:Categories
93:References
69:Ana Pessoa
61:East Timor
124:Timor Sea
33:Timor Sea
20:Australia
75:See also
83:(CMATS)
67:and
57:Dili
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120::
59:,
52:.
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