Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

ANNEX Offshore Delimitation of Resource Deposits Situated across National Boundaries

ANNEX Offshore Delimitation of Resource Deposits Situated across National Boundaries I. INTR()I�UI'.TI(>N On 10 Octobcr 2002, the International Court ofJustice (Icj) delivered judgment on the lingering Cameroon v. Niqeria dispute.1 Cameroon conunenced this action before the Icj in 1994, challenging the maritime boundaries in the areas surrounding the Bakassi feninsula and its adjoining waters within the Gulf of Guinea.= Subsequently, Cameroon cnlarged the scope of its application to include delimitation of the largely non-contentious land territory and Lake Chad in the northern sector of the boundary. Central to the dispute were the far-reaching implications for Nigeria and Cameroonian oil exploration and production and the ownership of the Bakassi Yeninsula, a 1,OOU-square-kilometre (600-square-mile) area believed to contain significant reserves of oil.' Nigeria is one of the world's largest oil exporters, with an economy heavily dependent on oil, which accounts for up to 80 percent of government revenues.4 Cameroon is also a significant oil producer, currently ranked the fifth largest producer in sub-Saharan Africa.5 Cameroon is, howcver, facing declining crude oil production. The confirmation of the right of one of these countries to sovereignty over the Bakassi Peninsula would enable it to permit the necessary exploration for oil in the area. Further, the delirnitation of the maritime boundary of the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of World Investment and Trade Brill

ANNEX Offshore Delimitation of Resource Deposits Situated across National Boundaries

Journal of World Investment and Trade , Volume 4 (1): 11 – Jan 1, 2003

Loading next page...
 
/lp/brill/annex-offshore-delimitation-of-resource-deposits-situated-across-DmiV7XnlF9

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1660-7112
eISSN
2211-9000
DOI
10.1163/221190003X00200
Publisher site
See Article on Publisher Site

Abstract

I. INTR()I�UI'.TI(>N On 10 Octobcr 2002, the International Court ofJustice (Icj) delivered judgment on the lingering Cameroon v. Niqeria dispute.1 Cameroon conunenced this action before the Icj in 1994, challenging the maritime boundaries in the areas surrounding the Bakassi feninsula and its adjoining waters within the Gulf of Guinea.= Subsequently, Cameroon cnlarged the scope of its application to include delimitation of the largely non-contentious land territory and Lake Chad in the northern sector of the boundary. Central to the dispute were the far-reaching implications for Nigeria and Cameroonian oil exploration and production and the ownership of the Bakassi Yeninsula, a 1,OOU-square-kilometre (600-square-mile) area believed to contain significant reserves of oil.' Nigeria is one of the world's largest oil exporters, with an economy heavily dependent on oil, which accounts for up to 80 percent of government revenues.4 Cameroon is also a significant oil producer, currently ranked the fifth largest producer in sub-Saharan Africa.5 Cameroon is, howcver, facing declining crude oil production. The confirmation of the right of one of these countries to sovereignty over the Bakassi Peninsula would enable it to permit the necessary exploration for oil in the area. Further, the delirnitation of the maritime boundary of the

Journal

Journal of World Investment and TradeBrill

Published: Jan 1, 2003

There are no references for this article.