Sunrise International Unitization Agreement
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Sunrise International Unitization Agreement
This agreement is officially known as the Agreement between the Government of Australia and the Government of the Democratic Republic of Timor-Leste relating to the Unitisation of the Sunrise and Troubadour Fields.Full text of agreement available from the Australasian Legal Information Institute's Australian Treaty Series database a/ref> The Sunrise International Unitisation Agreement (Sunrise IUA) was made to enable the exploitation of the Sunrise and Troubador petroleum and gas fields in the Timor Sea, together known as the Greater Sunrise field. The Greater Sunrise field straddles the border between the joint petroleum development area (JPDA) established under the Timor Sea Treaty 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 i ...
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Australia
Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller islands. It has a total area of , making it the list of countries and dependencies by area, sixth-largest country in the world and the largest in Oceania. Australia is the world's flattest and driest inhabited continent. It is a megadiverse countries, megadiverse country, and its size gives it a wide variety of landscapes and Climate of Australia, climates including deserts of Australia, deserts in the Outback, interior and forests of Australia, tropical rainforests along the Eastern states of Australia, coast. The ancestors of Aboriginal Australians began arriving from south-east Asia 50,000 to 65,000 years ago, during the Last Glacial Period, last glacial period. By the time of British settlement, Aboriginal Australians spoke 250 distinct l ...
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