The Sunrise Joint Venture has contributed almost A$ 5 million towards community programs in Timor-Leste.
Greater Sunrise
The development of Greater Sunrise has the potential to deliver value to both the people of Timor-Leste and shareholders.
The Sunrise development comprises the Sunrise and Troubadour gas and condensate fields, collectively known as Greater Sunrise.
The Greater Sunrise fields are located approximately 450 kilometres north-west of Darwin and 150 kilometres south of Timor-Leste.
Following the establishment of a new maritime boundary treaty between Australian and Timor-Leste in 2019, negotiations between the Governments and the Sunrise Joint Venture on a new Greater Sunrise Production Sharing Contract have been ongoing.
The Sunrise Joint Venture remains committed to the development of Greater Sunrise provided there is fiscal and regulatory certainty necessary for commercial development to proceed.
In 2023, the Sunrise Joint Venture (SJV) participants continued to engage the Australian and Timor-Leste Governments on a new Greater Sunrise Production Sharing Contract and other related documents. The SJV also agreed with the Timor-Leste and Australian Governments to undertake a concept study for the potential development to inform relevant stakeholders in 2024.
The study will consider the key issues for developing, processing and marketing gas via both Timor-Leste and Australia. In addition to this, retention lease renewals were granted for Australian titles NT/RL2 and NT/RL4. Woodside is operator and holds a 33.44% participating interest.
Participating interests
PSC JPDA 03-19; PSC JPDA 03-20 (unitised); NT/RL2; NT/RL4
| Participant1 | Interest |
|---|---|
| Woodside (operator) | 33.44% |
| Timor GAP | 56.56% |
| Osaka Gas | 10% |
Key stats
1974
year Sunrise and Troubadour fields discovered
2,998 SQ KM
gross acreage
Timor-Leste enquiries
Phone:
670 3310804
Street Address:
Palm Business and Trade Centre
Block E01-06 Surikmas, Fatumeta, BairroPite
Dili