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Production Sharing Contracts

The Timor Sea Designated Authority (TSDA) has signed production sharing contracts with international oil companies to explore for and extract petroleum in the Joint Petroleum Development Area between East Timor and Australia. Some of the contracts have been made public, and are included in OilWeb, as listed below.

These contracts are subject to the tax laws enacted by East Timor, the Taxation of Bayu-Undan Contractors and Timor Sea Petroleum Development (Tax Stability) Acts.

The first set of contracts were signed on 16 May 2003, amending earlier contracts which came into effect with the Timor Sea Treaty in April. They cover two adjacent areas, which include the three petroleum fields currently under active development in the JPDA.

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JPDA Area 03-12, signed 2 April 2003 between the TSDA and ConocoPhillips and its partners (Santos, Inpex Sahul, Petroz and Emet). The contract was extensively amended on 16 May 2003. It covers Elang-Kakatua, Kakatua North, and the western part of Bayu-Undan.

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JPDA Area 03-13, signed 2 April 2003 between the TSDA and ConocoPhillips and its partners (Eni/Agip). The contract was extensively amended on 16 May 2003. It covers the eastern part of Bayu-Undan.

The Timor-Leste Institute for Development Monitoring and Analysis (Lao Hamutuk)
Institutu Timor-Leste ba Analiza no Monitor ba Dezenvolvimentu
Rua D. Alberto Ricardo, Bebora, Dili, Timor-Leste
P.O. Box 340, Dili, Timor-Leste
Tel: +670-3321040 or +670-77234330
email: 
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