The map below, from the July Bulletin (explanation of map terms), shows the location of each field and relevant boundaries, both from the Timor Sea Treaty (JPDA) and from historical and legal references. Link to map and listing of Production Sharing Contracts in …

The Timor Sea (Indonesian: Laut Timor, Portuguese: Mar de Timor, Tetum: Tasi Mane or Tasi Timór) is a relatively shallow sea in the Indian Ocean bounded to the north by the island of Timor with Timor-Leste to the north, Indonesia to the northwest, Arafura Sea to the east, and to the south by Australia.

The subsea oil and gas projects are located in the Timor Sea, which is an arm of the Indian Ocean, between the island of Timor and Australia. The sea is located at 10 ° south latitude, is approximately 480 kilometers wide, and covers an area of around 610,000 square kilometers. To the west it opens to the Indian Ocean and to the east to the ...

2025年1月27日 · With the Timor Sea oil fields no longer producing an income, the Petroleum Fund was expected to be fully depleted by the second half of the next decade if spending remained consistent. To counter this outcome, more than a decade after the issue was first flagged, the Timor-Leste government finally started to rein in spending by 18 per cent to a ...

2025年1月23日 · The Greater Sunrise gas field in the Timor Sea is a critical project for Timor-Leste's economy and ASEAN aspirations. ... Timor GAP, Timor-Leste’s national oil company, owns a majority 56.56 percent share, while Osaka Gas controls the remaining 10 percent. The field boasts an estimated 5.1 trillion cubic feet (Tcf) of dry gas and 226 million ...

2022年8月8日 · Oil and gas accounts for 80 per cent to 90 per cent of East Timor government revenue to pay for public spending. The existing Bayu-Undan offshore gas field in the Timor Sea, 250km south of...

2021年9月30日 · As Timor-Leste nears the end of its petroleum-exporting era, the transition to a sustainable economy has become even more challenging due to partisan political competition, disastrous flooding and the pandemic. This article describes the current economic context, and deteriorating trends.

2024年12月2日 · Key oil fields such as Bayu-Undan and Greater Sunrise serve as primary sources, yet the equitable distribution of oil revenue remains contentious, fueling protracted negotiations and legal battles between Timor-Leste and Australia.

2025年1月24日 · Santos’ Barossa gas and condensate development in the Timor Sea was more than 88% complete at the end of last year, the company said in a trading update. FPSO integration and pre-commissioning continue as planned in Singapore. Drilling activity has finished on the second and third of the six development wells; flow test results were good, in part due to the well design, which has been ...

2019年10月23日 · Timor-Leste is the second-most oil-dependent state in the world: nearly 90 percent of the state’s annual budget comes from oil and gas revenues, and the country’s fortunes teeter on the strength of its Petroleum Fund – an oil revenue-funded sovereign wealth fund.