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, Northern Territory.
The fields were discovered in 1974 and hold gross (100%) contingent resources (2C) of 5.13 Tcf of gas and 225.9 million barrels of condensate (net Woodside share of 1.7 Tcf of dry gas and 75.6 million barrels of condensate)1.
In 2013, the Timor-Leste Government referred a dispute with the Australian Government, relating to the Treaty on Certain Maritime Arrangements in the Timor Sea (CMATS), to international arbitration in accordance with the dispute resolution procedure in the Timor Sea Treaty.
Woodside and the Sunrise Joint Venture remain committed to developing the Greater Sunrise fields, and considers it vital that both the Timor-Leste
and Australian governments agree the legal, regulatory and fiscal regime
applicable to the resource.
Once government alignment is established, the Sunrise Joint Venture believes there is an opportunity to proceed with a development that benefits all parties.
The Sunrise Joint Venture continues a program of meaningful social investment via long-term partnerships with the communities of Timor-Leste.
Offshore 150 km south-east of Timor-Leste and 450 km north-west of Darwin, Australia
less than 100 metres to more then 600 metres
5.13 Tcf gas, 225.9 MMbbl condensate1
PSC JPDA 03-19; PSC JPDA 03-20 (unitised); NT/RL2; NT/RL4
Gross: 2,998km2, Net: 958km2
1 Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. Contingent resources may include, for example, projects for which there are currently no viable markets, or where commercial recovery is dependent on technology under development, or where evaluation of the accumulation is insufficient to clearly assess commerciality. Woodside reports Contingent resources net of the fuel and flare required for production, processing and transportation up to a reference point and non-hydrocarbons not present in sales products. Contingent resources estimates may not always mature to reserves and do not necessarily represent future reserves bookings. All Contingent resource volumes are reported at the ‘Best Estimate’ (P50) confidence level.