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 ar
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
