OPERATIONS

Timor Sea agreement likely in the new year: officials

Talks on the legal and fiscal regime for the Sunrise Gas reserves in the Timor Sea have ended in Darwin without resolution.

Timor Sea agreement likely in the new year: officials

However, officials say progress has been made, even though the December 31 deadline for the so-called unitisation agreement won't be met.

Officials are however confident of an agreement early in the new year.

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