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Overlapping
Claim Area |
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| Of
greater international interest, there are discussions
between Cambodia and Thailand in relation to an
offshore region, thought to contain moderate gas
reserves, to which both countries have overlapping
claims. This area is referred to as the Overlapping
Claims Area ("OCA"). It has been estimated
by some that the area may hold up to 10 or 11 trillion
cubic feet of gas. In late 1997, the Cambodian Government
granted conditional exploration licenses to five
companies (BHP, Conoco, Enterprise, Idemitsu, and
Inpex/Marubeni) in relation to four Areas within
the OCA. Exploration may take place in these blocks
subject to resolution of the overlapping claims
between Cambodia and Thailand. In the 1970's, Thailand
awarded concessions to British Gas and Unocal, among
others, for exploration in this area. At present,
Cambodia and Thailand are discussing the possible
joint development of the OCA, which, if agreed and
implemented, would allow petroleum companies that
have been granted licenses by both Thailand and
Cambodia to explore the area in cooperation with
one another. |
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Negotiation
has started in 1995 as the officials of the two countries
have discussed and exchanged their views in relation to
their respective claims. The discussions have brought about
mutual understanding between the two sides. In
2001, the two parties have signed a Memorandum of
Understanding regarding the area of their overlapping
maritime claims to the Continental Shelf. |
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