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….
Food for thought there….