Timor Sea


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Related to Timor Sea: Arafura Sea, Timor leste
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an arm of the eastern Indian Ocean between Timor and northern Australia

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The Timor Sea Treaty, signed in 2002, allows for a 90:10 split of royalties from petroleum production in the Timor Sea, in favour of East Timor.
In the Timor Sea and some areas of Natuna Sea, the costs can be high as well.
9 March 2011 - Norwegian offshore service provider AGR Group ASA (OSL: AGR) said Wednesday it will provide NOK25m abandonment services to the Jabiru and Challis oil fields in the Timor Sea, off Australia.
The awarding of the contracts is the first major milestone since GDF Suez (60%) and Santos (40%) entered into a joint venture in August 2009 to develop a floating liquefaction project in the Bonaparte Basin, in the Timor Sea, 250 km west of the northern Australian city of Darwin.
Montara is located in the Timor Sea offshore Western Australia state and was affected by a leak in late August 2009.
Last October, a rig spilled oil for two months into the Timor Sea off of Australia.
And all this not even a year after Australia experienced one of its worst oil spills: the three-month Montara oil leak in the Timor Sea off Western Australia's northern coast.
The Australian government has received the final report from an investigation into last year's offshore oil leak in the Timor Sea, but has not said when it will make the findings public.
SYDNEY, November 01 (SPA) - An oil rig operated by a unit of top Thai energy firm PTTEP in the Timor Sea, which has been leaking for 10 weeks, caught fire on Sunday, officials said.
of the Timor Sea famed for its marine reserves and coral, the fund said in a
1 territorial split, Timor-Leste will receive a 50% share of government upstream revenues and the island nation can influence extraction, under legislation linked to the countries' Timor Sea Treaty, signed in 2002 upon Timor-Leste's independence.
Inpex plans to extract natural gas from an undersea field in the Masela block it is developing in the Timor Sea and export liquefied products to Japan, the sources said.
The plan to build a floating liquefied natural gas (LNG) plant in the Masela block in Timor Sea, East Nusatenggara, has come closer to reality with Inpex Masela submitting plan of development to the government.
The Treaty on Certain Maritime Arrangements in the Timor Sea (CMATS), signed with East Timor (now known as Timor-Leste), provisionally resolves a bitter maritime boundary dispute between the two nations.
But a tug of war over riches lying at the bottom of the Timor Sea that divides the two countries has quickly changed the tone of the relationship.