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dc.contributor.authorDe Venecia, Jose C. Jr.
dc.coverage.spatialPhilippinesen
dc.coverage.spatialChinaen
dc.coverage.spatialVietnamen
dc.coverage.spatialWest Philippine Seaen
dc.coverage.spatialSouth China Seaen
dc.date.accessioned2019-06-25T08:01:00Z
dc.date.available2019-06-25T08:01:00Z
dc.date.issued2019-04-21
dc.identifier.citationDe Venecia, J. C. Jr. (2019, April 21). A formula for the Philippines, China, and Vietnam in the West Philippine Sea-South China Sea and other participants. Manila Bulletin, p. 14.en
dc.identifier.urihttp://hdl.handle.net/20.500.12174/6426
dc.language.isoenen
dc.publisherManila Bulletin Publishing Corporationen
dc.relation.urihttps://news.mb.com.ph/2019/04/20/a-formula-for-the-philippines-china-and-vietnam-in-the-west-philippine-sea-south-china-sea-and-other-participants/en
dc.subjectInternational agreementsen
dc.subjectOil and gas explorationen
dc.subjectHydrocarbonsen
dc.subjectGovernmentsen
dc.subjectDrillingen
dc.subjectExplorationen
dc.titleA formula for the Philippines, China, and Vietnam in the West Philippine Sea-South China Sea and other participantsen
dc.typenewspaperArticleen
dc.citation.journalTitleManila Bulletinen
dc.citation.spage14en
local.seafdecaqd.controlnumberMB20190421_14en
local.seafdecaqd.extractAt some point now or sooner than later, the claimants in the South China Sea/West Philippine Sea will have to sit down and agree on a seismic and oil exploration program to be fol­lowed by a definitive oil drilling and development schedule for a satisfac­tory commercial petroleum discovery which is anticipated. This should include a detailed and definitive agreement in the event of marginal hydrocarbon discoveries, non-commercial in volume, and must be followed through by a series of exploration activities in the areas with reasonable looking anticlines or likely oil-bearing structures before the areas are given up, or abandoned, or preserved for other uses by suc­ceeding generations. The anticipated agreement should include sharing of explora­tion expense, the more expensive development costs in the event of commercial discovery, distribution of export petroleum to refineries in the Philippines, China, and Vietnam, and/or third-party international buy­ers, and an agreement on a second-round or third-round of exploration areas nearby or in much farther locations.en
local.subject.corporateNameDepartment of Environment and Natural Resources (DENR)en
local.subject.corporateNameAssociation of Southeast Asian Nations (ASEAN)en


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