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International Legal Regime on Transboundary Natural Resources: Focus on Transboundary Oil and Gas Deposits on the Continental Shelves
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  • Journal title : Ocean and Polar Research
  • Volume 29, Issue 2,  2007, pp.165-185
  • Publisher : Korea Institute of Ocean Science & Technology
  • DOI : 10.4217/OPR.2007.29.2.165
 Title & Authors
International Legal Regime on Transboundary Natural Resources: Focus on Transboundary Oil and Gas Deposits on the Continental Shelves
Lee, Yong-Hee;
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 Abstract
Exploitation of transboundary oil and gas on continental shelves may cause conflicts between or among States concerned due to the physical character of these resources. As oil and gas are fluid, exploitation of such a transboundary oil field by one side may affect other parties in other jurisdictions. However, there is no universal international legal regime on the issue. This article tries to find the international legal regime governing such resources through analysing UN Assembly`s resolutions, UNCLOS, international judicial opinions, bilateral agreements and ILC activities relating to transboundary natural resources. As a result of this study, it seems that each coastal State has an inherent sovereign right on its part of the transboundary oil and gas deposit, but this right is not unlimited. Each state involved with the deposit has a duty to cooperate with other states-through information exchange, consultation, and negotiation. Furthermore, the state has an obligation to refrain from unilateral action when there is a possibility of causing irrevocable damage to the interests of the other states.
 Keywords
transboundary natural resources;joint development;unitisation;principle of cooperation;shared natural resources;UNCLOS;
 Language
Korean
 Cited by
1.
독도해양과학기지 건설 관련 법적 쟁점에 관한 고찰,이용희;

Ocean and Polar Research, 2010. vol.32. 4, pp.427-437 crossref(new window)
1.
Legal Issues Relating to Construction of the Dokdo Ocean Research Station, Ocean and Polar Research, 2010, 32, 4, 427  crossref(new windwow)
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