OIL AND GAS PROJECTS IN THE TIMOR SEA FINALLY GAIN MOMENTUM
September 1st, 2009
BY KARRYN MILLER
IN 2004, Australia and its newly independent neighbour Timor-Leste's (East Timor) failure to agree how to exploit the abundant hydrocarbons of the Timor Sea's Greater Sunrise Fields has delayed this project for five years. However, according to a spokesperson from Australia's department of foreign affairs and trade, "a decision about the preferred development method will be reached in the coming months."
It is estimated that the fruitful plot, located 450km (280 miles) north of the Australian port of Darwin and 150km (93 miles) south ...
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