Wednesday, August 27, 2008

The race for undersea oil and gas is driving sea bed claims


Britain is to formally present its case to the UN in New York for extending its territorial rights around Ascension Island in the South Atlantic.
States have rights over their resources - including oil or gas reserves - up to 200 nautical miles from the shoreline.
But the UK wants to extend those rights around Ascension on the grounds that the island's landmass actually reaches much further into the sea underwater.
Ascension Island is part of the British overseas territory of St Helena.
The UK will present its claim on Wednesday to the United Nations Commission for the Limits of the Continental Shelf.

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