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dc.contributor.authorDe Venecia, Jose C. Jr.
dc.coverage.spatialWest Philippine Seaen
dc.coverage.spatialSouth China Seaen
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.publisherManila Bulletin Publishing Corporationen
dc.subjectInternational agreementsen
dc.subjectOil and gas explorationen
dc.titleA formula for the Philippines, China, and Vietnam in the West Philippine Sea-South China Sea and other participantsen
dc.citation.journalTitleManila Bulletinen
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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