International Law of the Sea and Energy
Article from: OGEL 3 (2018), in International Law & Regulations / Law of the Sea
Introduction
Under the 1982 United Nations Convention on the Law of the Sea coastal states are entitled to claim rights over the resources of the sea and seabed out to at least 200 nautical miles (nm) from their coasts and, in the case of the seabed, potentially much further. As a result, more than 30% of the world's oceans now fall under state jurisdiction, with overlapping maritime zones creating the need for some 430 international maritime boundaries - fewer than half of which have been agreed or partially agreed. With the oil and gas industry operating in ever-deeper waters, exploration ...