Notes From The Margin

September 22, 2007

UN Law Of The Sea Announces Decision on Guyana Suriname Dispute

Given our general level of interests in Maritime boundaries on this blog, We thought we would let our readers know that the UNLOS council has handed down a decision on the Maritime boundary between Guyana and Suriname.

 The dispute has been the source of considerable friction between the two countries with a Suriname gunboat chasing off an oil exploration bid authorised by the Guyana Government. It would seem that the tribunal sided with Guyana over Suriname’s claims.


In a unanimous vote, the five-judge panel from the Arbitral Tribunal under the Law of the Sea Convention decided to split thousands of square kilometres of offshore blocs largely on the principle of “equidistance”, but in doing so, it took away a large tract of water that Suriname had claimed as its own for decades from neighbouring Guyana…..

 

…..In June 2000, Suriname’s Ronald Venetiaan administration sent gunboats to expel a rig that was drilling in the disputed area. The rig was leased by Toronto-based CGX Energy Inc, one of the world’s tiniest oil companies, on a concession award granted by Guyana.

The incident brought the two finance-starved former European colonies very close to war, with both massing troops on their borders and allowing military aircraft to over-fly each other’s airspace in a near farcical show of force by two armies with a combined total of no more than 5,000 troops and with less than a dozen planes and vessels under their command.

 We’ve downloaded the judgement (If you are interested its available here)

and we are taking our time going through it.  This border dispute has been the focus of bi-lateral and multilateral efforts under Caricom to resolve it.  Due to the UN it has now been settled once and for all. This clears the way for Oil exploration on both sides of the line. Hopefully this will lead to significant oil finds as few would disagree with me that both Guyana and Suriname are in desperate need of cash.

 

The news story did have one rather thought provoking point to close on….

 

Critics, Caricom experts especially, had noted that the intransigence displayed by Suriname and the failure of the two to reach a bilateral deal have cost them billions in revenues as oil prices continue to soar.

Food for thought there….

 

Marginal

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6 Comments »

  1. now the plunder of both nations can begin anew…we are left fighting the battles of our past colonial masters. so.called masters

    Comment by al-fallujah — September 22, 2007 @ 12:54 pm | Reply

  2. […] UN Law Of The Sea Announces Decision on Guyana Suriname Dispute Guyana and Suriname.  The dispute has been the source of considerable friction between the two countries with a Suriname gunboat chasing off an oil exploration bid authorised by the Guyana Government. It would seem that the tribunal sided with Guyana over Suriname s claims… from neighbouring Guyana ..  We ve downloaded the judgement (If you are interested its…. Hopefully this will lead to significant oil finds as few would disagree with me that both Guyana […]

    Pingback by Guyana » Blog Archives » Guyana year-to-date inflation hits 13.3% — September 24, 2007 @ 12:48 pm | Reply

  3. At a time when the world is looking to move away from fossil fuels our region seem hell bent on pursuing this avenue.

    Comment by David — September 27, 2007 @ 5:11 am | Reply

  4. […] UN Law Of The Sea Announces Decision on Guyana Suriname DisputeGiven our general level of interests in Maritime boundaries on this blog, We thought we would let our readers know that the UNLOS council has handed down a decision on the Maritime boundary between Guyana and Suriname. … […]

    Pingback by Suriname » Blog Archives » Heading to Suriname For a Month — November 28, 2007 @ 9:27 pm | Reply

  5. […] UN Law Of The Sea Announces Decision on Guyana Suriname DisputeGiven our general level of interests in Maritime boundaries on this blog, We thought we would let our readers know that the UNLOS council has handed down a decision on the Maritime boundary between Guyana and Suriname. … […]

    Pingback by Suriname » Blog Archives » Sweden to end Monopoly and sell Svenska Spel — December 2, 2007 @ 12:50 pm | Reply

  6. really don’t like the way the writer describes Guyana and Suriname..i am of the opinion that they could have been better choice of words.

    Comment by john williams — September 29, 2010 @ 6:26 pm | Reply


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