Meta Data
Title in national language: 
Decreto-Lei N.º 24 / 2019 de 27 de Agosto Transição dos Títulos Petrolíferos e Regulamentação das Atividades Petrolíferas no Campo do Bayu-Undan
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2019
Scope: 
National, Subnational
Document Type: 
Decree, Law
Economic Sector: 
Energy
Energy Types: 
Oil
Issued by: 
Government of of Timor-Leste
Notes: 
No official English translation available
Overall Summary: 
The Decree-Law No. 24/2019 of 2019 on Transition of Petroleum Titles and Regulation of Petroleum Activities in the Bayu-undan Field aims to ensure a smooth transition of the activities carried out under the Bayu-Undan production sharing contracts, in order to guarantee the long-term stability of investors in the natural resources sector, by maintaining the prior legal and regulatory framework that existed under the JPDA, with the changes required to bring it in line with the Timor-Leste legal framework.
Governance
National policy structure: 
1. This decree-law establishes the special legal regime for Petroleum Activities carried out in the Contract Area TL-SO-T 19-12 mapped in Annex I to this decree-law and of which it forms an integral part and in the Contract Area TL-SO-T 19-13 mapped in Annex II to this decree-law and of which it forms an integral part, including the terms and conditions for the transition of CPP JPDA 03-12 and CPP JPDA 03-13, signed by the Designated Authority of the Sea of ​​Timor, to the jurisdiction of Timor-Leste, implementing the provisions of article 14 of Law no. 13/2005, of 2 September, on Petroleum Activities, amended by Law no. 1/2019, of 18 January, in article 22 of the Treaty of Timor-Leste and Article 1 and Article 2 and 1 and Article 2 of Annex D to the Treaty between the Democratic Republic of Timor-Leste and Australia Establishing Respective Maritime Boundaries in the Timor Sea, hereinafter abbreviated as the “Treaty”, signed in New York on the 6 March 2018, including the respective Attachments. 2. This Decree-Law applies to the Contractor of Bayu-Undan including the Contract Operator as defined in Article 2. 3. The purpose of this decree-law, together with the Production Sharing Contracts and the Transition Laws, is to establish a legal regime on equivalent conditions for the exercise of Petroleum Activities in the Bayu-Undan Field, as required by Annex D of the Treaty.