Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Timor Sea Petroleum Semina Dili Presentation 23 Mar 2002 by GAMcKee

Timor Sea Petroleum Semina Dili Presentation 23 Mar 2002 by GAMcKee

Ratings:

5.0

(1)
|Views: 213|Likes:
Published by G A McKee
A presentation delivered by petroleum engineer GAMcKee at the Timor Sea Petroleum Semina, held in Dili, East Timor, March 23, 2002, only three months before Independence Day on May 20, 2002. New and controversial information concerning maritime law, the value of Timor Sea resources, and onshore LNG possibilities, was donated to the people of East Timor by Oceanic Exploration Company and their Portuguese subsidiary PetroTimor Companhia de Petroleos S.A.R.L In 1974 Portugal awarded these companies a petroleum exploration concession covering the entire Timor Sea, down to the median line between East Timor and Australia. In response to this seminar the Australian government hastily executed its pre-planned "get out of jail" card. This was a unilateral withdrawal from voluntary maritime dispute resolution procedures of international law. See media report at http://www.smh.com.au/articles/2002/03/26/1017089535182.html. And see more of the presentations delivered at the semina at http://www.petrotimor.com/.
A presentation delivered by petroleum engineer GAMcKee at the Timor Sea Petroleum Semina, held in Dili, East Timor, March 23, 2002, only three months before Independence Day on May 20, 2002. New and controversial information concerning maritime law, the value of Timor Sea resources, and onshore LNG possibilities, was donated to the people of East Timor by Oceanic Exploration Company and their Portuguese subsidiary PetroTimor Companhia de Petroleos S.A.R.L In 1974 Portugal awarded these companies a petroleum exploration concession covering the entire Timor Sea, down to the median line between East Timor and Australia. In response to this seminar the Australian government hastily executed its pre-planned "get out of jail" card. This was a unilateral withdrawal from voluntary maritime dispute resolution procedures of international law. See media report at http://www.smh.com.au/articles/2002/03/26/1017089535182.html. And see more of the presentations delivered at the semina at http://www.petrotimor.com/.

More info:

Published by: G A McKee on Jan 31, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT or read online from Scribd
See more
See less

06/16/2009

original

 
East Timor’s petroleum revenue
 
Impact of an Exclusive Economic Zone delimitation on
TIMOR SEA PETROLEUM SEMINAR
 
Sponsored by Petrotimor Dili, East Timor, March 23, 2002
 
EEZ 
Presentation by Geoffrey McKee
G A McKee & Associates Pty Ltd
Oil & Gas Project Development Services • Sydney • Australia
 
 
Timor Sea Petroelum Seminar - Dili
2
Brief history / background
5 July 2001 proposal versus EEZ delimitation
 
- Sunrise- Laminaria / Corallina
 
- Bayu-Undan 
Potential benefit to East Timor of an EEZ delimitation
Impact of an Exclusive Economic Zone (EEZ) delimitation on
East Timor’s Petroleum Revenue
US$40 billion*
* Additional revenue to East Timor, cumulative as-spent dollars of the day over life of all projectscenarios 2000 to 2050 (assumes base oil price escalation of 2.5% in line with forecasted USinflation rate). The present (real, de-escalated) value of this future cash flow is approximatelyUS$21 billion.
 
 
 
Timor Sea Petroelum Seminar - Dili
3
Fronteira Tasiokos nebeIndonesia ho Australiaakorda iha 1972
5 July 2001 Australia / East Timor ‘Joint Petroleum Development Area’90% East Timor / 10% Australia
A17A16
Laminaria-CorallinaBayu-UndanEvans Shoal
Linha klaranFronteira be dalan nian nebe akorda iha 1997
*Source of potential lateral median line EEZ boundaries:UK Hydrographic Office, Law of the Sea Division
  M  i n  i m u m   E  E  Z   E n t  i t  l e m e n t  *  P o s s  i  b  l e   E  E  Z   E n t  i t  l e m e n t  *
Greater Sunrise
Zona nebe Timor Loro Sa’e ho Australia diskute hela

Activity (2)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->