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Maritime Boundary Delimitation And Cooperative Management Of Transboundary Hydrocarbons In The Ultra-Deepwaters Of The Gulf Of Mexico

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Chapter Summary

The Gulf of Mexico has long been recognized as one of the world's most important oil and gas provinces. Discoveries of hydrocarbon resources in the ultra-deepwater areas of the Gulf of Mexico are occurring at an accelerated pace. This chapter examines the geographical locations and commercial potentials of these newly discovered ultra-deepwater production zones. It analyzes evolving customary and conventional legal norms that encourage cooperation in the exploration and exploitation of transboundary hydrocarbon resources such as those found in the maritime boundary region of the Gulf of Mexico. The chapter highlights the existing legal and political obstacles to improved collaboration. It concludes by recommending future actions that will improve the prospects of creating an effective joint development mechanism for transboundary hydrocarbons in the Gulf of Mexico.

Keywords: Gulf of Mexico; maritime boundary region; transboundary hydrocarbon; ultra-deepwater



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