Joint Development Area
The overlapping claim area of the continental shelf was designated as a joint development area by the two countries where all fossil fuel resources in the area is shared between Malaysia and Vietnam. The joint development area was created through the Memorandum of Understanding between Malaysia and the Socialist Republic of Vietnam for the Exploration and Exploitation of Petroleum in a Defined Area of the Continental Shelf involving the Two Countries on 5 June 1992.
The defined area, which is also known as Block PM-3 CAA (Commercial Arrangement Area), is about 1,350 km square. Oil production began in 1997 from the Bunga Kekwa field.
|Point||Longtitude (E)||Latitude (N)||Remarks|
|Boundary coordinates of the Malaysia-Vietnam joint development area|
|A||103° 42'.5||7° 22'||Same as Point D of the border of the Malaysia-Thailand joint development area.|
|B||103° 39'||7° 20'|
|C||103° 35'.71||7° 18'.31|
|D||103° 52'||7° 3'|
|E||105° 49'.2||6° 5'.8||Same as Point 41 in the 1979 Malaysia map. Also Point 25 (northern terminus) of the South China Sea (Sarawak) portion of the Indonesia-Malaysia continental shelf border.|
|F||104° 30'||6° 48'.25||Same as Point 42 in the 1979 Malaysia map. The border then returns to Point A.|
Read more about this topic: Malaysia–Vietnam Border
Other articles related to "joint, area, joint development area, joint development, developments":
... aside the border dispute and allow for the joint exploitation of natural resources of the disputed area ... The two countries signed a Memorandum of Understanding for the Establishment of a Joint Authority for the Exploitation of the Resources of the Sea-Bed in a Defined Area of the Continental ... settle disputed maritime border and sovereignty issue of the disputed area and the countries continue staking their overlapping continental shelf claims ...
... The Malaysia-Thailand Joint Development Area is a 7,250 km square area in the Gulf of Thailand which was created as an interim measure to exploit the natural resources in the seabed or continental shelf claimed ... not extinguish the legal right to claims by both countries over the area ... This is one of the first applications of the joint development a memorandum of understanding on 21 February 1979 in Chiang Mai, Thailand for the establishment of the joint ...
... The joint development area basically coincides with the area of overlapping claim of the continental shelf by the two countries ... A portion of the joint development area is also claimed by Vietnam and is known as the Tripartite Overlapping Claim Area ... The three countries have agreed to utilise the joint development formula for the exploitation of resources in the area but no further developments have been reported so far ...
... both countries have agreed on 24 October 1979 on their maritime boundary for this area running 29 nautical miles (54 km) out to sea, the boundary beyond the northeastern terminus of the ... A small slice of the disputed area is also subjected to a claim by Vietnam. 1979 signed a memorandum of understanding to create a 7,250 km square joint development area encompassing the entire disputed area ...
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