Country report
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35 Pages

Timor-Leste/Australia JPDA upstream summary

Timor-Leste/Australia JPDA upstream summary

Report summary

The Timor-Leste/Australia Joint Petroleum Development Area (JPDA) allows for the joint exploitation of oil and gas resources in the area previously called the Timor Gap, which is claimed by both Timor-Leste and Australia. The Timor Gap Treaty was first signed between Australia and Indonesia in 1989 and provided for the two parties to share petroleum production revenue from an agreed area of the Timor Sea 50:50. The two Governments jointly administered this Zone of Co-operation (ZOC). The ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 724.69 KB 35 Pages, 14 Tables, 13 Figures
  • Country Overview XLS - 559.00 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
  • Exploration
    • Licensing
    • Jurisdiction over the Joint Petroleum Development Area
      • Timor Gap Treaty
      • Timor Sea Treaty
      • Ongoing Timor-Leste Maritime Boundary Claim
    • Licence Awards
    • Zone of Co-operation A - ZOC-A (1991-2002)
    • Timor-Leste/Australia JPDA (2003-Present)
    • Drilling
      • Drilling activity
      • Pre-Timor Gap Treaty Exploration (1970 - 1985)
      • Post-Timor Gap Treaty Exploration: Phase 1 (1992 - 1994)
      • Post-Timor Gap Treaty Exploration: Phase 2 (1995 - 2002)
      • Post-Timor Sea Treaty Exploration: Phase 1 (2002 - 2008)
      • Post-Timor Sea Treaty Exploration: Phase 2 (2009 - onwards)
  • Reserves and resources
    • Commercial Reserves
    • Greater Sunrise
    • Technical Reserves
  • Production
    • Liquids
    • Gas
  • Infrastructure
    • Gas infrastructure
      • Bayu-Undan Liquids Stripping/Gas Recycling Project
      • LNG
  • Policy and regulation
    • Key legislation
      • Timor Gap Treaty
      • Timor-Leste Independence
      • Timor Sea Treaty & International Unitisation Agreement and Memorandum of Understanding
      • Petroleum Act 2004
      • CMATS Treaty
    • Regulatory body
      • Timor Sea Designated Authority (TSDA)
      • Autoridade Nacional do Petroleo (ANP)
    • State participation
    • Licensing
      • Exploration licence
      • Declaration of Commerciality
      • Retention Leases
      • Development Licence
  • Fiscal terms
    • Current fiscal terms
    • Fiscal Terms
    • Pre-2006 PSC Terms
      • PSC Terms
      • Sample Cash Flows Key Assumptions
    • Timor Leste/Australia Sunrise PSC
      • CMATS Treaty
      • Australian revenue component
      • Timor-Leste revenue component
    • Post-2006 Fiscal Terms
      • PSC Terms
      • Cost Recovery
      • Domestic Market Obligation
      • Income Tax
      • Small Field Depreciation
      • Sample Cash Flow Key Assumptions
    • Historical Background
      • ZOC-A
      • ZOC-B
      • ZOC-C
      • GEM MODELS

In this report there are 27 tables or charts, including:

  • Executive summary
    • JPDA Gas Production
    • Drilling Activity by Well Type (1990-2015)
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2017
    • Net Acreage 2017
  • Geology
    • Regional Tectonic Setting Map
  • Exploration
    • JPDA Blocks Awarded
    • JPDA Licenced Acreage Map
    • Drilling Activity by Well Type (1990-2015)
  • Reserves and resources
    • Reserves and resources: Table 1
    • Total Produced and Remaining Commercial Oil, Other Liquids and Gas Reserves at 01/01/2016 (p+p)
  • Production
    • Production: Table 1
    • Production: Table 2
    • JPDA Liquids Production
    • Production: Table 3
    • Production: Table 4
    • JPDA Gas Production
  • Infrastructure
    • Gas Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

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