2010 Australian offshore release: Ashmore Islands Area AC10-1 overlaps with Indonesia |
First 7 of 7 paragraphs shown Bids Close – 12 May 2011 At Ashmore Islands Area AC10-1, Australia has rights to the seabed (i.e. to explore for petroleum) and Indonesia has rights to the water column (i.e. fishing rights). Treaty of Perth: Area AC10-1 falls within the area covered by the Treaty between the Government of Australia and the Government of the Republic of Indonesia establishing an Exclusive Economic Zone Boundary and Certain Seabed Boundaries (the Perth Treaty). Not yet in force: The Perth Treaty, which is not yet in force, has potential implications for petroleum exploitation in the area. The Perth Treaty extends the existing Australia- Indonesia seabed boundary to the west of the Ashmore Islands and establishes an exclusive economic zone boundary between continental Australia and the Indonesian archipelago. This has resulted in an area of overlap, where Australia has rights to the seabed (i.e. to explore for petroleum) and Indonesia has rights to the water column (i.e. fishing rights). Perth Treaty not agreed by Indonesia? Although signed in 1997, the Perth Treaty has yet to enter into force. The Australian Government acts consistently with the Perth Treaty, pending its entry into force. Indonesia liason: Specific to petroleum industry activities, Article 7 of the Perth Treaty requires that the Australian Government provides the relevant Indonesian authorities with three months notification of the proposed grant of exploration or exploitation rights. This notification occurred on the release of AC10-1 for bidding and will not be required again. ...Log in to read rest of Article or image. |