The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise fields, are located approximately 150 kilometres south east of Timor-Leste and 450 kilometres north west of Darwin in the Northern Territory. 20.1% of the Greater Sunrise fields are situated in the Joint Development Petroleum Area, jointly administered by Timor-Leste and Australia, while 79.9% are in Australian Waters.
The partners unanimously selected Floating LNG in April 2010 as the preferred development concept for Greater Sunrise, and prepared documentation detailing the basis of that selection. At present there is government-to-government arbitration between Timor-Leste and Australia regarding sea bed boundaries. Until arbitration reaches a conclusion the details and timetable for a potential development will be delayed.
Our participation in the Greater Sunrise Joint Venture will continue the mutually beneficial relationship we have established with the government and people of Timor-Leste, and the nation building support that results from development of oil and gas reserves in the Joint Petroleum Development Area.
The Sunrise Joint Venture partners are Woodside (Operator) with a 33.4% interest, ConocoPhillips (30%), Shell (26.6%) and Osaka Gas (10%).