Next Hot Spot for Offshore Drilling Disputes: Africa

Posted November 7, 2014 at 5:00am

Reuters reports that “African maritime boundary disputes are expected to rise dramatically, potentially curbing exploration and creating uncertainty in ownership over tens of billions of barrels of oil, industry experts say.”  

“A lack of maritime boundary agreements, which has not kept pace as more oil companies moved offshore into deeper waters, has seen many African nations struggling to enforce their sovereign rights under the 1982 Law of Sea treaty.”  

“‘My hotspot at the moment is Africa,’ said Robert van de Poll, one of a handful of global experts dealing with maritime boundary disputes under the rules of procedure of the United Nations Convention of the Law of the Sea (UNCLOS).”  

ICYMI: For more background, Brookings recently held an event:  “The International Energy Agency’s Africa Energy Outlook.”