Legal Frameworks for the Joint Development of Hydrocarbon Resources
NUS Centre for International Law series
Edited by Robert Beckman, Ian Townsend-Gault, Clive Schofield, Tara Davenport and Leonardo Bernard
The issues that arise from overlapping maritime claims in the South China Sea are far from simple to resolve. Various approaches have been suggested, but progress has proved difficult to achieve. Joint development has long been considered a possible way forward. In this chapter, we present our perspective on certain aspects of the negotiation of joint development agreements. After briefly outlining the legal context in which joint development is pursued, we focus on the preparation process, the circumstances in which joint development may be desirable and the choice of joint development agreement. Finally, a few brief observations are made on the prospects for joint development as a means of resolving the disputes in the South China Sea.
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