South China Sea

The South China Sea: Hydrocarbon Potential and Possibilities of Joint Development presents the proceedings of the EAPI/CCOP Workshop East-West Center held in Honolulu, Hawaii on August 5-12, 1980. The book contains papers on the geology and offshore hydrocarbon potential in the Philippines, Thailand, and Indonesia; and on the need for certain basic prerequisites for initiating and maintaining rational and orderly oil and gas exploration and development programs. The text also presents papers on the establishment of effective production-sharing type tax regimes for petroleum; on the implications of the Southeast Asian contractual framework; and on a general approach to the planning and management of environmental aspects related to offshore oil and gas prospecting, drilling, development and production. The precedents of the joint development of hydrocarbons in areas of overlapping boundary claims, with examples from the North Sea, the Persian Gulf, the Korea-Japan continental shelf and the Thai-Malaysian continental shelf, are also considered.