Entry into Force of Greater Sunrise Treaties with East Timor
Article from: OGEL 2 (2007), in Unitisation and JDZs
Introduction
On 23 February 2007 Australia and East Timor conducted a formal exchange of notes to bring into force the two treaties which settle arrangements in the Timor Sea between our countries. The International Unitisation Agreement (IUA) and the Certain Maritime Arrangements in the Timor Sea (CMATS) Treaty together provide stable legal and fiscal regimes for the exploration and exploitation of petroleum resources in the Timor Sea between Australia and East Timor to the benefit of both countries. CMATS puts on hold the Parties' claims to jurisdiction and maritime boundaries in the ...