Timor too hard for Timor Sea JV UPDATED

A JOINT venture led by Oilex has moved to relinquish a production sharing contract in the Timor Sea due to the ongoing uncertainty surrounding the Certain Maritime Arrangements in the Timor Sea treaty.

15 July 2013
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Oilex has written to the Timor-Leste authority seeking to terminate the PSC by mutual consent.

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