Gaps in the Ice: Maritime Boundaries and Hydrocarbon Field Development in the Arctic
Article from: OGEL 2 (2012), in Polar Energy Law (Arctic, Antarctic)
Abstract
The paper argues that an effective legal framework for oil and gas exploration and exploitation must address two principal concerns: delimitation of international boundaries and rules for developing fields that may be under two or more states' territories. Delimitation is adequately covered by the existing framework and should not cause concern, because the majority of Arctic oil and gas resources either lie within single state's sovereign land, or cross already delimited boundaries. Remaining boundaries can be delimited based on well-established principles. ...