Indian Ocean Offshore Joint Management Zone Actioned

The Information Daily
Sunday, August 26, 2012

Indian Ocean Islands, Seychelles & Mauritius join forces to manage exploitation of world's largest offshore continental shelf area.

With the help of the Commonwealth Secretariat Seychelles and Mauritius have established a joint commission, the first of its kind, to manage an offshore zone comprising 400,000 sq. kilometers of continental shelf. This development comes after their successful joint claim to the continental shelf before the United Nations.

This will enable both countries to jointly regulate seabed activities, including exploration for petroleum and minerals, as well as the conservation and management of the living resources of the seabed, reports 'The Information Daily'.

“This is the first area of continental shelf extending beyond the exclusive economic zone to be jointly managed anywhere in the world, and the largest as well,” said Joshua Brien, Legal Adviser on Natural Resources at the Commonwealth Secretariat’s Special Advisory Services Division, who leads the maritime boundary programme.

“Our goal is to ensure that the two countries co-operate on the sustainable management of the joint zone, and that international best practices are applied in all respects, ranging from initial exploration and conservation, through to the collection and management of revenue generated from the development of natural resources in the joint zone,” he added.

As part of a comprehensive package of legal and technical assistance, the Secretariat will commission a seabed resource assessment of the zone, which will assist the Seychelles and Mauritius to identify areas for exploration while safeguarding sensitive areas of conservation.
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Largest Vessel to Call ICTSI, Rijeka

Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.’s (ICTSI) container handling facility in the Port of Rijeka, Croatia, recently

MOL President Reports Slack Performance

MOL President, President, Koichi Muto reported that the performance of the company was slack.   Muto reported, "I am sad to report that our business performance fell short,

Focus on Environment at Suny Maritime

The State University of New York Maritime College’s 140th Anniversary Speaker Series presented a panel discussion on March 26 in the College’s Maritime Academic Center.

Offshore

Hess Selects BMT for Stampede Marine Monitoring System

BMT Scientific Marine Services (BMT), an international maritime design, engineering and risk management consultancy, has been selected by Hess Corporation to

FSL Trust Signs Charter Agreement with US Oil Company

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, has entered into a two-year time charter agreement with a prominent US

U.S. DoI Upholds 2008 Shell Arctic Lease

The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas

Energy

Hess Selects BMT for Stampede Marine Monitoring System

BMT Scientific Marine Services (BMT), an international maritime design, engineering and risk management consultancy, has been selected by Hess Corporation to

FSL Trust Signs Charter Agreement with US Oil Company

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, has entered into a two-year time charter agreement with a prominent US

Blaze hits Mexico Oil Platform, 300 Workers Evacuated

Mexican state-run oil company Pemex said on Wednesday that it was fighting a fire on oil platform in Campeche Bay on the Gulf of Mexico, home to the country's biggest oil field,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3368 sec (3 req/sec)