3/31/2010

How much is Greater Sunrise really worth?


How much is Greater Sunrise really worth?



A revised potential revenue estimate for a disputed gas resource in the Timor Sea.






"If the project goes ahead Australia and Timor Leste could expect more than $90 billion (US$68 billion) in
export revenues and about $A52 billion (US$39 billion) government receipts (taxes and royalties) ... The
value of the field to Timor Leste must be seen as the sum total of the upstream plus downstream
benefits. The US$39 billion in government receipts is only half the story. Of comparable value are the
downstream benefits arising from onshore infrastructure investment." Geoff McKee, Oil and Gas engineer.

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Source: laohamutuk.org/Oil/LNG/Refs/054McKeeSunriseWorth.pdf

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