*Mujur bagi rakyat Timur Timur bisa dapat berkat harta kekayaan alam
mereka, kalau masih propinsi ke 27 pasti tidak dapat apa-apa, seperti
rakyat Papua dengan gas alam di Teluk Bituni, apa yang mereka dapat? Dalam
perjanjian Helsinki ditentukan bagi hasil gas alam Arun 75% untuk Aceh
ternyata tidak dilaksanakan. Apakah Maluku memperoleh 10% dari gas Masela?*

Australia, East Timor to sign treaty at UN that could unlock billions for
impoverished nation

PUBLISHED : Tuesday, 06 March, 2018, 4:58pm

UPDATED : Tuesday, 06 March, 2018, 4:58pm

[image: Agence France-Presse]

3 Mar 2018

Australia and East Timor will on Tuesday sign a treaty at the United
Nations to end a dispute over their maritime border and potentially unlock
billions of dollars in revenue from offshore oil and gas.

China at a Glance

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UN Secretary-General Antonio Guterres will preside over the signing
ceremony to be attended by Australian Foreign Minister Julie Bishop and
Deputy Prime Minister Agio Pereira of East Timor, Asia’s youngest nation
which joined the United Nations in 2002.

The treaty could provide a major boost to East Timor’s struggling economy
with an agreement on sharing revenue from the Greater Sunrise oil and gas
fields, worth between US$40 billion and US$50 billion.

Following a final round of negotiations in Kuala Lumpur last month,
Australia and East Timor agreed to the treaty that delimits the maritime
boundary between them in the Timor Sea and establishes revenue-sharing


East Timor in 2016 dragged Australia before the Permanent Court of
Arbitration, the world’s oldest arbitration tribunal, based in The Hague,
after contesting a previous deal signed in 2006.

Dili wanted that treaty, which also covered the vast Greater Sunrise
fields, torn up after it was revealed that Australia spied on East Timor
officials to gain a commercial advantage during the negotiations

As the dispute escalated, a group of energy companies including Australia’s
Woodside, ConocoPhillips, Shell and Osaka Gas decided to mothball plans to
develop the Greater Sunrise fields.

In January last year, the two neighbours announced that a new pact would be
negotiated through the arbitration court.

East Timor drops bugging claims against Australia to help resolve maritime
border dispute

Details of the revenue-sharing arrangements have not been released, but a
statement from the arbitration court last month said the shares “will
differ depending on downstream benefits associated with the different
development concepts” for the gas fields.

Discovered in 1974, Greater Sunrise is located 150km (93 miles) southeast
of East Timor and 450km northwest of Darwin.

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