📋 Tender Overview
Location : JPDA between East Timor (Timor-Leste) and Australia
The Greater Sunrise development, which includes the Sunrise and Troubadour gas and condensate fields, is located in waters between East Timor (Timor-Leste) and Australia.
Australian petroleum exploration and production company Woodside Energy Group is the operator of the project with 33.44% participating interest. Timor-Leste's national oil company Timor GAP holds a 56.56% stake, while the remaining 10% is owned by Japan’s Osaka Gas.
The two fields were first discovered in 1974.
However, a maritime border dispute between East Timor and Australia delayed the development of the fields.
A new treaty was signed in 2018 which also enabled the two countries to proceed with the development of the Greater Sunrise gas fields together. The East Timor and Australian governments and the Sunrise Joint Venture are holding talks to finalise a new Greater Sunrise Production Sharing Contract.
The fields hold gross contingent resources of 5.1 trillion cubic feet (Tcf) of dry gas and 225.9 million barrels of condensate.
The project, expected to commence natural gas production by 2028-30, will strengthen the energy and climate security of Timor-Leste. Greater Sunrise will provide Timor-Leste with energy for domestic use as well as for exports.
Greater Sunrise development will feature production wells and wellstream gathering infrastructure (flowlines and risers), a produced water re-injection well and infrastructure, reservoir production management and wells control and services functions among others.
The subsequent development will involve transporting the gas produced to an LNG plant in East Timor or Australia. The development concept is yet to be finalised.
According to the 2018 Maritime Boundaries Treaty, revenue generated from the Greater Sunrise will be shared 70/30 in Timor-Leste’s favour if the field is developed with a pipeline to Timor-Leste.
If the development concept involves a pipeline to Australia, Timor-Leste’s revenue share will increase to 80%.
The life of the field is estimated to be approximately 30 years.
Contractors involved
The front-end engineering and design (FEED) and detailed marine survey (DMS) for the offshore pipeline from the Greater Sunrise field to Timor Leste was awarded to Wood Group Indonesia.
