Companies take considerable risks by commencing exploration without a firm grasp
of territorial ownership issues, and governments can similarly run into
in allowing exploration to begin in areas to which multiple parties have
Competing claims can result in significant delays to hydrocarbon exploration and
production. Maritime territory in the Gulf of Thailand, for example, is
between Thailand, Cambodia and Vietnam, and a 27,000 sq km Overlapping Claims Area (OCA) has been in force majeure for decades, preventing any exploration in the
seemingly oil-rich area.
Menas Borders works with governments to help them understand how discoveries, both on- and
offshore, will affect them, and advise on the steps they need to take to ensure
the region remains attractive to investors.
We also work with natural resource companies, helping to identify how their
actions and potential discoveries will affect the local political and social
environment, analysing the current resource management regime, advising on the
durability of their contracts and identifying the possibility of claims and
parties on both sides of the border.