THE ADEQUACY OF THE LEGAL FRAMEWORK ON JOINT DEVELOPMENT AND BOUNDARY DELIMITATION AMONG OIL PRODUCING COASTAL STATES

Abstract

Between 1968 and 1992, international courts and tribunals basically took the result-oriented equity approach. In this paper, we outline the principal relevant circumstances for boundary delimitation in a joint development zone of hydrocarbon deposits between coastal states. The relevant circumstances are geographical factors, the configuration of coasts, proportionality, geological and geomorphological factors, presence of the third state, presence of islands baselines, economic factors, and conduct of parties. This paper further highlights relevant circumstances that affect boundary delimitation of joint development of hydrocarbon deposits be-tween two or more coastal states.