THE Timor-Leste and Australian governments are targeting a September 2017 agreement on a maritime boundary in the Timor Sea.

This follows the January 10, 2017 formal notification by Timor-Leste government that it is termination the current Treaty on Certain Maritime Arrangements in the Timor Sea between the two nations, which is scheduled to cease on 10 April 2017

In a joint statement following a series of confidential meetings in Singapore between the two governments, the parties said that in order to recognise the importance of providing stability and certainty for petroleum companies with current rights in the Timor Sea, they have agreed that the 2002 Timor Sea Treaty and its supporting regulatory framework will remain in force between them in its original form until a final delimitation of maritime boundaries has come into effect.

The statement also confirmed that Timor-Leste has written to tribunals considering two arbitrations it had initiated against Australia to have those actions withdrawn.