Meta Data
Title in national language: 
Decreto-Lei N.º 26 / 2019 de 27 de Agosto Transição dos Títulos Petrolíferos e Regulamentação das Atividades Petrolíferas no Campo Petrolífero Buffalo
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.26/2019 of 2019 on Transition of Petroleum Titles and Regulation of Petroleum Activities in the Buffalo Field governs the transition of this petroleum field, previously included in the continental shelf under the jurisdiction of Australia, to the jurisdiction of Timor-Leste. Amongst other matters, it foresees the entering into of a Timor-Leste Production Sharing Contract in replacement of the previous Australian exploration permit.
Governance
Energy management principles: 
Article 3 Transition of existing rights 1. The rights of the Buffalo Contractor shall be preserved under conditions equivalent to those in force under domestic Australian law and as agreed between the Ministry and the Buffalo Contractor under the Production Sharing Agreement, without prejudice to the provisions of this decree-law. 2. The Production Sharing Contract enters into force on the date of entry into force of this decree-law. 3. The provisions of Decree-Lein.o7/2005, of October 19th, do not apply to the Production Sharing Contract entered into under this decree-law.