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04-15-2009, 11:47 AM
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The UN Commission’s recommendation doesn’t resolve the question of Norway’s continental shelf border with Russia in the Barents Sea, which must be set through bilateral agreements,
http://www.bloomberg.com/apps/news?pid=20602099&sid=a1GOrlPEgD_c&refer=energy
By Marianne Stigset
April 15 (Bloomberg) -- The United Nations agreed to new borders for Norway’s continental shelf, giving the world’s fifth-biggest oil exporter resource rights in a maritime area almost as large as the U.K.
The UN’s Commission on the Limits of the Continental Shelf recommended outer borders for Norway’s continental shelf in the Barents Sea, the Arctic Sea and the Norwegian Sea, defining the Nordic country’s rights to 235,000 square kilometers (90,734 square miles) of maritime area, the Foreign Ministry said today. The recommendation addressed Norway’s 2006 request.
“It’s in Norway’s interests as a coastal state to have its borders with other countries clarified,” Foreign Minister Jonas Gahr Stoere (http://search.bloomberg.com/search?q=Jonas%0AGahr+Stoere&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) told reporters in Oslo. “There are also potential resources under this seabed.”
While the recommendation doesn’t alter resource-management policy for the northern areas, it did secure Norway’s rights over oil and gas finds in the area, Gahr Stoere said. Norway’s oil industry urged the government to open more of the north as output dwindles in North Sea fields. A decision on the protected areas of Lofoten and Vesteraalen is expected in 2010.
“We know very little about the extent of the oil and gas resources in this area besides Lofoten and Vesteraalen, which have become the most mapped areas in the world” by oil companies, Rolf Einar Fife (http://search.bloomberg.com/search?q=Rolf+Einar+Fife&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), director general of the Foreign Ministry’s legal department, said in an interview in Oslo. “Based on the technology we have available today, exploration won’t happen in the immediate future.”
The areas could also present natural deposits that could gain importance as continental resources dwindle, Fife said.
200 Nautical Miles
Coastal states have the rights to the seabed and subsoil of the submarine areas up to 200 nautical miles from their shores, According to the 1982 Convention on the Law of the Sea. Norway’s continental shelf extends beyond this area, so the country requested delineation of its shelf three years ago. It asked for a review of the Loop Hole area in the Barents Sea, the Western Nansen Basin in the Arctic Ocean and the Banana Hole in the Norwegian Sea.
The UN Commission’s recommendation doesn’t resolve the question of Norway’s continental shelf border with Russia in the Barents Sea, which must be set through bilateral agreements, Fife said.
õîòÿ...
The UN Commission’s recommendation doesn’t resolve the question of Norway’s continental shelf border with Russia in the Barents Sea, which must be set through bilateral agreements,
http://www.bloomberg.com/apps/news?pid=20602099&sid=a1GOrlPEgD_c&refer=energy
By Marianne Stigset
April 15 (Bloomberg) -- The United Nations agreed to new borders for Norway’s continental shelf, giving the world’s fifth-biggest oil exporter resource rights in a maritime area almost as large as the U.K.
The UN’s Commission on the Limits of the Continental Shelf recommended outer borders for Norway’s continental shelf in the Barents Sea, the Arctic Sea and the Norwegian Sea, defining the Nordic country’s rights to 235,000 square kilometers (90,734 square miles) of maritime area, the Foreign Ministry said today. The recommendation addressed Norway’s 2006 request.
“It’s in Norway’s interests as a coastal state to have its borders with other countries clarified,” Foreign Minister Jonas Gahr Stoere (http://search.bloomberg.com/search?q=Jonas%0AGahr+Stoere&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) told reporters in Oslo. “There are also potential resources under this seabed.”
While the recommendation doesn’t alter resource-management policy for the northern areas, it did secure Norway’s rights over oil and gas finds in the area, Gahr Stoere said. Norway’s oil industry urged the government to open more of the north as output dwindles in North Sea fields. A decision on the protected areas of Lofoten and Vesteraalen is expected in 2010.
“We know very little about the extent of the oil and gas resources in this area besides Lofoten and Vesteraalen, which have become the most mapped areas in the world” by oil companies, Rolf Einar Fife (http://search.bloomberg.com/search?q=Rolf+Einar+Fife&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), director general of the Foreign Ministry’s legal department, said in an interview in Oslo. “Based on the technology we have available today, exploration won’t happen in the immediate future.”
The areas could also present natural deposits that could gain importance as continental resources dwindle, Fife said.
200 Nautical Miles
Coastal states have the rights to the seabed and subsoil of the submarine areas up to 200 nautical miles from their shores, According to the 1982 Convention on the Law of the Sea. Norway’s continental shelf extends beyond this area, so the country requested delineation of its shelf three years ago. It asked for a review of the Loop Hole area in the Barents Sea, the Western Nansen Basin in the Arctic Ocean and the Banana Hole in the Norwegian Sea.
The UN Commission’s recommendation doesn’t resolve the question of Norway’s continental shelf border with Russia in the Barents Sea, which must be set through bilateral agreements, Fife said.