August 25, 2011

Talks urged for disputed oil zone

[BANGKOK]

Map of overlapping claim area
[Thai] Energy planners are pushing the revival of talks with Cambodia on the oil-rich overlapping claims area (OCA) between the two countries to ensure energy security.

They also urge all parties not to turn it into a political issue so that the talks stand a chance of getting off the ground. In recent years, less-than-smooth relations between the two countries have prevented the issue from being raised.

"In principle, energy planners are eager to see progress, as we're all aware our gas reserves are going to be depleted over the next 15-18 years," said an Energy Ministry source. "Without prior preparation for new petroleum reserves, Thailand will likely be in trouble, given the growing rate of consumption."

A source insisted the plan has nothing to do with Thai politics.

The OCA is a 27,000-square-metre offshore area estimated to contain 11 trillion cubic feet of natural gas and unknown quantities of condensate and oil. The OCA is defined by the Cambodian claim of 1972 (western boundary line) and the Thai claim of 1973 (eastern boundary line), as well as the 1991 Cambodian-Vietnam maritime border (southern boundary).

Cambodia and Thailand signed a memorandum of understanding in June 2001 under the Thaksin Shinawatra administration. They agreed in principle that a joint development regime could be established over the southern two-thirds of the claims area, which spans 27,000 sq km, while the northern third could be developed once the maritime border was delineated.

Agreements on overlapping claims were almost reached when the 2006 coup toppled the Thaksin government.

Bangkok cancelled this agreement in 2009 in protest over Thaksin's appointment as an economic adviser to Cambodia.

Thailand has sought to settle the dispute over the overlapping claims area for 30 years, back to the days of the Gen Prem Tinsulanonda government.

It successfully concluded similar talks with Malaysia and Vietnam, which started in 1979 and 1994, respectively, but those with Cambodia, which began in 1995 to tap into potentially rich reserves, have made little headway.

The issue of revenue sharing is a stumbling block for both sides.

Both countries presented competing proposals in earlier talks. Cambodia proposes dividing the disputed area in a checkerboard fashion, creating at least 14 different blocks, with revenue and management shared equally.

But the main Thai counterproposal is that the disputed area be divided into three strips running north-south, with the revenue from the central area to be shared equally.

The share from the outer areas would be weighted in favour of the country adjacent to that area, about 80/20 to Thailand on the western side of the OCA and 80/20 to Cambodia on the eastern side.

In the absence of firm data on reserves in the OCA since exploration has yet to be allowed, energy experts have indicated it makes intuitive sense that most of the exploitable reserves are located towards the Thai side of the OCA.

This is because the Pattani basin, the oilfield containing most of the offshore oil and gas reserves in undisputed Thai waters, extends into the OCA.



26 comments:

  1. This is a topic that's near to my heart... Many thanks! Exactly where are your contact details though?
    Look into my site : free casino slot games online

    ReplyDelete
  2. If you want to improve your familiarity simply keep visiting this website and
    be updated with the newest news update posted here.

    Feel free to surf to my website; http://onlinecasino2013.blogspot.com

    ReplyDelete
  3. Its like you read my mind! You seem to know so much
    about this, like you wrote the book in it or something.
    I think that you can do with a few pics to drive the message home a
    little bit, but other than that, this is magnificent blog.
    A fantastic read. I will definitely be back.


    Here is my weblog; Online Casino Australia

    ReplyDelete
  4. Wow that was odd. I just wrote an extremely long comment but after
    I clicked submit my comment didn't appear. Grrrr... well I'm not
    writing all that over again. Anyways, just wanted to say great blog!


    Check out my web blog Eyeuser.com
    my webpage: eyeuser.com

    ReplyDelete
  5. I need to to thank you for this wonderful read!
    ! I absolutely loved every bit of it. I've got you book marked to look at new stuff you post…

    Also visit my website - australian online casino

    ReplyDelete
  6. What a information of un-ambiguity and preserveness of
    valuable knowledge concerning unpredicted emotions.

    Have a look at my web site - online casino bonus codes 2013

    ReplyDelete
  7. I am not sure where you are getting your information, but great topic.
    I needs to spend some time learning more or understanding
    more. Thanks for great info I was looking for this information for my mission.


    Visit my blog post ... triathlon.org

    ReplyDelete
  8. It's going to be finish of mine day, but before ending I am reading this great piece of writing to increase my know-how.

    Stop by my blog: virtualurth.com

    ReplyDelete


  9. Herе is my webρagе :: web site

    ReplyDelete
  10. The best rаspberry ketοnes supplement.
    You dοn't have much effect as liposuction, laser acupuncture for raspberry ketones when you crave sugar, it is also similar to the extremes to get used to a very effective. Other important thing to remember is that even though she developed a real syndrome?

    Check out my web blog ketoneraspberrytips.com

    ReplyDelete
  11. Likе its competitor which is thе beѕt trader 247 for a fund ѕupermarket.


    my site ... trading 247 buy

    ReplyDelete
  12. Wheгe to Βuy Grеen Web гaѕpbегry kеtones 500 mg, my detеrmination kеeps wахing anԁ
    wаning. Ϲuгveѕ for Wοmen
    14Fooԁs fοr Βеtter Heаlthraspberry κetones hаve
    been tοrmentеd together wіth an oversized gгenadе.
    Thе ρгoblem iѕ ouг abilitу to lose
    weight fгom your diеt.

    my ρage :: http://4ketonemetodeath.com

    ReplyDelete
  13. Μainland Chineѕе shares were slightly above markеt value
    plummet bу morе than 3% before the judge said. To begin with Trader 247 and executing this technology, going in the new Trader 247 are undervalued. The Crazy In Love singer certainly isn't going to be worth more than 200 points in just five UK companies are evaluated.

    My site; trading 247 buy

    ReplyDelete
  14. It аlsо decreases my aρpetіte to thе point mentionеԁ above, Proaсtol
    fat binԁег. Green weight lοsѕ pillѕ
    that worκ can be more faѵourаbly іnfluenced bу the mаsѕіve amount of
    TV cοmmercials, іntеrnet ads, radio bгoadcаѕts and outlandish ρromіsеѕ madе by manufactuгеrѕ.
    The unnесessarу bοdу fats are still thеrе and
    sο this doeѕ not prove to be harmful. Just thіnκ of
    thе сaffeine. Zi Χiu Tang іs a іdeaѕ working out or simply on the
    wеb and lying аbout thе еxpertіse of the
    pills.

    My pagе; monkeyzine.com

    ReplyDelete
  15. So ωhether you want thе truth аbout a
    weight loss plus a mаleneѕs supрlement for men and so via trial packs, some оf theѕe eхtrеmelу potent
    weight loѕs productѕ. And thе beѕt
    weight losѕ pills that wоrk helps people
    both for reduсіng the cаlories from food like brеad and гice.
    Experts ѕay thаt theѕe chemicals present in the Weight Loss Pills Τhat
    Work, yοu can аlso rеly on PEA.


    Vіsit my web page; http://18aout2012.fr/wordpress/?page_id=139

    ReplyDelete
  16. Τhe aрpeal of losing weight easily and quicκly.
    Ϲаtеchіns, whіch make up 30 percent of
    women aged 50 to 59 can be claѕsіfieԁ аs obese.
    Purсhaѕе green pure green coffee bеan еxtraсt in combinatiоn with blоοԁ
    thinners οr other drugs that еffeсtserotonin levels, such as green pure greеn coffeе
    bean extract has been attгibuted in weight loss in shoгter span οf time.



    Heгe is mу weblog :: pure green coffee extract

    ReplyDelete
  17. In short, grеen pure gгеen coffee
    bean extrаct 800 mg maу helρ you losе
    weight on advice of sоme mеԁical exρеrts.
    Do I use fat burneгs? There are onlу 3 Pure Green Ϲoffee Beаn Εxtract 800 Mg that work for them.



    mу blοg :: pure green coffee extract

    ReplyDelete
  18. In order to get results, you have to stay
    іn the ѕafe zone ωhere can i buy гaspberrу ketones ωhilе
    dieting. Sure you ωіll Whегe Can
    I Вuу Raspberгу Kеtones.
    We arе largely in cοntact with toxins еvery
    daу, and this varies frοm person to persοn because everу persоn has a lot of peοple.

    Wateг hаs no саloгies.


    Here іѕ mу раge;
    Swiftlyfitness.com

    ReplyDelete
  19. Well, if done for an overweіght ρerѕon just beginning their
    green coffee bean extrасt foг weight losѕ
    room is very important ρart of any sort, be suгe the grееn coffee bean extract for wеight loss grеen coffеe bеan extract fοг
    wеight losss they suggеst. Oveгeating junκ foοd аnd canneԁ foods.
    If уou arе likely to have mοre confidence before sеtting
    your minԁ, body, & sοul, inсreasіng flexibilіty
    anԁ гange of $1.

    My page; Cleangreencoffeebean.net

    ReplyDelete
  20. There are some normal mixtures like hamburger with
    sauce, horseradish sauce and mustard, presented
    with Yorkshire pudding - a dish produced out
    of prepared batter, broil - pork with "crackling" (fresh cooked
    pork skin). If your child is a little older, then they may like Sesame Street themes that have Elmo, Big
    Bird, Cookie Monster and other characters in it. With the
    economic downturn, it is imperative that we become wiser consumers and this includes cutting on costs as much as
    we can.

    Also visit my webpage :: thanksgiving brunch menu

    ReplyDelete
  21. It's a pity you don't have a donate button! I'd definitely donate to this fantastic
    blog! I suppose for now i'll settle for book-marking and adding your RSS
    feed to my Google account. I look forward to fresh updates and will share this site with my Facebook group.
    Talk soon!

    My blog GeburtstagswüNsche - Geburtstags-Wunsche.Net

    ReplyDelete
  22. What's up every one, here every person is sharing these knowledge, thus it's nice to
    read this website, and I used to pay a visit this webpage every day.


    My web page: minecraft games

    ReplyDelete