South Korea Offshore Oil & Gas Exploration Kicks off The South Korean government has approved a large scale project of offshore exploration and drilling in the reserve off Yeongil Bay in Pohang to tap the country's massive gas and oil reserves estimated at 14 billion barrels (bbls0 . This may turn out to be one
Territorial Waters and Maritime Zones Act, 1976 (of 22 December 1976) Short title and commencement 1. (1) This Act may be called the Territorial Waters and Maritime Zones Act, 1976. (2) It shall come into force at once. Territorial waters 2. (1) The sovereignty of Pakistan extends and has always extended to the territorial waters
Part II UNCLOS and Economic Rights Coastal States The United Nations Convention on the Law of the Sea (UNCLOS) grants special rights to the coastal states with regards to exploration and use of marine resources, including energy production in the area in its jurisdiction at times termed as exclusive economic zone. Economic Control of Waters
