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BACK DOOR Newsletter on East Timor

Timor Oil - Background Resources
Tada uluk kona ba Timor nia Mina
Minyak di Timor: penerangan yg lengkap
O Petróleo de Timor: o informação

Return East Timor's oil and gas revenue!


Up-Dated: Feb 25, 2004
Return to Main Contents: BD: The 2004 TIMOR OIL Collection
NEW = Added to
BACK DOOR Website within the past month

Contents:
Fact sheets
Indepth Analysis
Major Resources



Fact sheets


2004 TSJC: Historical Background to the Timor Sea dispute
  Info added 25 Aug 2004
"* Oil and gas worth more than US $30 billion lie under the Timor Sea, between East Timor and Australia, * 68% of the petroleum resources in the Timor Sea lie closer to East Timor than to Australia, and are claimed by East Timor under International Law * Under current revenue sharing arrangements, Australia takes 72% of the petroleum revenues in the Timor Sea, including almost 60% of the revenues from fields closer to East Timor than to Australia. " Timor Sea Justice Coalition, Australia

2004 TSJC: Area of Timor Sea dispute  Info added 25 Aug 2004
"If international law under the United Nations Convention of the Law of the Sea (UNCLOS) were to be applied all of the Bayu-Undan, Greater Sunrise and Laminaria/Corralina reserves would fall within Timor Leste's Exclusive Economic Zone (EEZ) - within Timor Leste's maritime boundary." Timor Sea Justice Coalition, Australia

2004 TSJC: International Law  Info added 25 Aug 2004
"The first starting point is for Timor Leste and Australia to negotiate the maritime boundary. If that was unsuccessful, they could then use the international tribunal for the law of the sea or the International Court of Justice (ICJ) to adjudicate any dispute about the maritime boundary. However, to pre-empt Timor Leste taking the matter to international arbitration, Australia in March 2002 withdrew from that part of the jurisdiction of the ICJ which deals with maritime boundary.This means Timor Leste will have to negotiate directly with Australia. So clearly Timor Leste as a newly independent state would be locked into a David and Goliath battle with Australia to resolve fair and equitable maritime boundaries. " Timor Sea Justice Coalition, Australia




Indepth Analysis


Aug 2003
LHB: Timor Sea Historical Background
  Article added 12 Feb 2004
"East Timor’s economic independence depends on the money the new nation can earn by selling its natural resources, especially the petroleum deposits which lie under the Timor Sea between East Timor and Australia. These fields, which contain oil and gas worth more than US$30 billion, lie closer to East Timor’s south coast than to any other land. However, due to a history of colonialism, invasion, occupation, and illegal activities by Indonesia and Australia, East Timor could receive less than half of the revenues it should be entitled to under the principles of the United Nations Convention on the Law of the Sea (UNCLOS)." La’o Hamutuk, East Timor Institute for Reconstruction Monitoring and Analysis



Major Resources


June 2003 LH: CD-ROM on East Timor’s Oil & Gas available
  Info added 16 Feb 2004

"Oil and gas under the Timor Sea between East Timor and Australia are essential to East Timor’s economic future. Although these resources will bring much-needed money to East Timor, they also bring danger. Around the world, oil and gas development often comes with war, corruption, dictatorship, repression and environmental destruction. To help explain these issues, La’o Hamutuk has compiled information and documents in a “website” which does not require connection to the internet. Most of OilWeb is English, although it includes much in Bahasa Indonesia / Malay and some Tetum and Portuguese." La’o Hamutuk, East Timor Institute for Reconstruction Monitoring and Analysis



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