Saturday, June 5, 2010

Limbo of Limbang Part 2

Dol Dol

Lu memang bahlul la Dol

Referring to the joint development of petroleum resources with Brunei at Blocks CA1 and CA2 in the South China Sea, Shamsul Azhar said Petronas had set up a team which started negotiations with Brunei to work out the terms for the commercial arrangement.

He said while the initial agreement for the joint development of oil and gas reserves was for 40 years, there would be negotiations to extend the tenure.
Go here  

Key Operative Word

1. Had Set Up A Team
2. Which Started negotiations
3. there would be negotiations to extend the tenure 

Gua malas nak tulis banyak banyak lu pikir sendiri la, for some backgrounder on the issue go here

Few things I wanna know in detail

What are the Term of References of the "agreement" at the Government Level?

Does it already have an option to extend the period of joint development tenure?

Does it not set out some basic parameters of joint development objectives, roles and responsibilities of parties?

Given that the Blocks are now in Brunei's hand...what if the commercial agreement macam sial to Petronas?

Got cancellation clause ke? yeah rite.....what if brunei does not honour the its pledges under the joint-development can we recover our claim on the 2 Blocks 

Why dont the mafakers from the outset agree that we go 50:50 on this 2 block forever and ever and ever and ever sampai kiamat and bila dah habis kita sama sama clean up the place if needed and we share the ecological risk if any..

Not that I'm in favor of that shit but since this stupid idiot sudah kasi apa boleh buat..sekarang nak kena pikir la pulak what are the risks n how best it should have been executed

UPDATE 07 June

KUALA LUMPUR, June 7 (Bernama) -- Brunei is the rightful owner of the two oil blocks, namely Block L and Block M, but Malaysia will have its share on revenue produced from its oil and gas exploration, Foreign Minister Datuk Seri Anifah Aman said.

Explaining the dispute, he said, the revenue sharing was possible through the Commercial Arrangement agreed by leaders of the two countries in the 'Letters of Exchange' signed on March 16, last year.

However, both countries were still discussing the ratio of the revenue as Brunei had the sovereign rights of the two oil blocks, he told reporters when met at the Parliament lobby here Monday.

"If we look strictly at the interpretation of the law based on UNCLOS (United Nations Convention on the Law of the Sea) 1982, it clearly belongs to Brunei.

"We have consulted some legal opinions, well-known maritime lawyers and it does not need a brilliant person to interpret that this one belongs to Brunei," he said when asked to explain his reply to a question by Opposition Leader Datuk Seri Anwar Ibrahim (PKR-Permatang Pauh) in the Dewan Rakyat Monday.

Anwar had asked the government to state the validity of the decision of the Federal Government to hand over oilfields Block L and Block M to Brunei, and why the issue of sovereignty of territorial waters of that area was not referred to Parliament and the Sabah and Sarawak state assemblies.

"These (the blocks) belong to them, so how can we dictate something? (Brunei might say that) if you have reasonable request, then maybe, I will consider...but if you demand, of course, we would say it is ours...why should we succumb to your demand?

"What Brunei has agreed in principle is on's not a matter of how many per cent, but most important is that they have extended gestures of friendship, it's not so much on dollars and cents," said Anifah.

Earlier, when replying to a question from Anwar, Anifah explained that the elements contained in the 'Letters of Exchange' between the leaders of the two countries, especially involing the maritime and land borders of Malaysia and Brunei, were valid and not in conflict with Article Two of the Federal Constitution, as claimed by certain quarters.

He said, at the moment, both countries were in the process of implementing the elements contained in the letters.


Mak oi Anipah

camne the block became sovereign rights of Brunei?

And why in the hell does Brunei NEEDS to SHARE a DROP OF OIL FROM this BLOCK with US if it is their SOVEREIGN RIGHT in the First place?
Minds are like parachutes; they work best when open. -Lord Thomas Dewer