Australia and Indonesia sued over Timor Gap<\/p>\n
SYDNEY (AFX): PetroTimor has launched legal action against the
\nAustralian and Indonesian governments and Phillips Petroleum over
\na disputed exploration concession covering part of the Timor Gap
\ntreaty zone, The Sydney Morning Herald reported without
\nidentifying its source.<\/p>\n
The report said PetroTimor, a Colorado-based group owned by
\nOceanic Exploration and the East Timor government, is seeking up
\nto A$2.85 billion (about US$1.58 billion) in damages in an action
\nlaunched in the Australian Federal Court.<\/p>\n
The company claims the Australian and Indonesian governments
\nformed an illegal agreement when they signed the Timor Gap
\nTreaty, under which they reached a revenue sharing agreement for
\nthe middle portion of the Timor Sea, in 1989, the report said.<\/p>\n
The company is seeking official recognition of a concession it
\nwas granted over the same area by Portugal before Indonesia
\ninvaded East Timor in 1975, the report said.<\/p>\n
The report said an Australian government spokesperson said the
\ngovernment would \"vigorously\" defend any claim bought against it,
\nwhile a Phillips Petroleum spokesperson said the company was
\nconfident its exploration and production contracts for the area
\nwere legally valid.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/australia-and-indonesia-sued-over-timor-gap-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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