Agreement between the Government of Australia and the Government of the Democratic Republic of Timor-Leste relating to the Unitization of the Sunrise and Troubadour fields.

The Government of Australia and the Government of the Democratic Republic of Timor-Leste, considering that the exploration in the Timor Sea between Australia and Timor-Leste has proved the existence of petroleum deposits which extend across the eastern boundary of the Joint Petroleum Development Area and that Australia and Timor-Leste have, at the date of this Agreement, made maritime claims, and not yet delimited their maritime boundaries, including in an area of the Timor Sea where area subject of this Agreement lies, now agree on collaboration on exploitation of oil in the area described in Annex I. The Timor Sea Treaty shall be deemed to apply to petroleum activities within the "Joint Petroleum Development Area". For the purposes of this Agreement but not otherwise and unless otherwise provided in this Agreement, the Regulatory Authorities that will regulate petroleum activities in the Unit Area or in relation to Unit Petroleum shall be those Regulatory Authorities established through application of laws as provided in article 4. A Commission ("the Sunrise Commission") shall be established for the purpose of facilitating the implementation of this Agreement and shall consult on issues relating to exploration and exploitation of petroleum in the Unit Area. The Commission shall facilitate coordination between the Regulatory Authorities to promote the development of the petroleum reservoir as a single entity. Legislation as set out in Annex II as amended from time to time shall apply for the purposes of protection of the environment in the Unit Area.