PCA: Timor-Leste and Australia reach agreement on maritime boundary treaty

Through a series of confidential meetings with a Conciliation Commission in The Hague, Timor-Leste and Australia have reached agreement on the complete text of a draft treaty which delimits the maritime boundary between them in the Timor Sea. This draft treaty also addresses the legal status of the Greater Sunrise gas field, the establishment of a Special Regime for Greater Sunrise, a pathway to the development of the resource, and the sharing of the resulting revenue. The Parties will now pursue their domestic approval processes in order to proceed with the signing of the Treaty. More information on this treaty is available here.