News

BUDD News

Extreme Weather Delays Cargo Operations

Asia The BUDD Group’s offices in Cambodia, Thailand and Vietnam report that typhoons and violent rains are disrupting cargo operations.  This is creating long...

Angola: Riots on Streets of Luanda

Following the start of a three-day transport workers' strike yesterday, our Angola office reports that rioting and looting erupted on the streets. Roads were blocked,...

East Timor-Australia Maritime Boundary Treaty – Indonesia Next?


Australia
and Indonesia’s neighbour, East Timor, have just signed a new maritime boundary
agreement which sets the Timor Sea boundary on the median line between the two
countries, giving East Timor sovereignty over a much larger share of the
Greater Sunrise oil and gas field than Australia’s preferred option of a maritime
seabed border on the edge of Australia’s continental shelf, a mere 50 nautical
miles from East Timor’s coast.

However, following the 1997 Australia-Indonesia Maritime Delimitation
Treaty, Australia considers that with Indonesia, 
unlike East Timor, it has two maritime borders:

  • a seabed
    border situated on the edge of Australia’s continental shelf which means that
    all the resources found on the seabed within this area belong to Australia, and
  • a median
    line maritime border which determines ownership of the resources in the sea
    itself.

Since Indonesia
never ratified the 1997 treaty, and now that East Timor has succeeded in
negotiating a single median line boundary, commentators wonder if Indonesia
will not wish to re-open negotiations to obtain a single median line border and
the oil and gas revenues that would go with it.

Information provided by Budd Indonesia

budd.indonesia@budd-pni.com

Share this news