Cross-Border Petroleum Reservoir Development Tactics

Law360, New York (May 23, 2012, 1:34 PM EDT) -- If countries share a common hydrocarbon reservoir across an established border, and are unable to agree on a definitive unitization agreement after making reasonable efforts to cooperate, international law does not require them to unitize the reservoir.

Further, there is support among leading international scholars and practitioners for the proposition that a country may, if it is unable to reach a unitization agreement with a neighboring country, unilaterally exploit a cross-border reservoir, though it should be noted there is no international convention or court decisions directly...
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