Tuesday, 1 December 2020

Norwegian Oil Company Denies Exploration in Costa Rica Waters

Image for illustrative purposes
Image for illustrative purposes

(QCOSTARICA) The Norwegian company, Statoil, denies its offshore concession blocks granted it by Nicaragua for the exploration and exploitation of oil in the Pacific Ocean waters are in Costa Rica.

That is the word from the company to Costa Rica’s Foreign Ministry, on the possibility that the territory ceded by the Nicaraguan government is actually in Costa Rican maritime territory, given that the maritime border between the two countries is unclear.

- Advertisement -

Map showing concession blcoks in the Pacific ocean off Nicaragua's coast.
Map showing concession blcoks in the Pacific ocean off Nicaragua’s coast.

The maritime delimitation is being currently discussed in a dispute before the International Court of Justice (ICJ) in The Hague.

Foreign Minister, Manual Gonzales, confirmed to the EFE news agency that the oil company considers it a conflict between the two countries, one that is has no participation.

“We cannot confirm, for we do not know the terms of the contract signed by the government of Nicaragua. However, our concern is to safeguard our rights and warn that there is a contingency that will be reoslved by an international court and Costa Rica will not recognize any contract or any right granted (to the company) on Costa Rica’s maritime territory,” Gonzalez told La Nacion.

- Advertisement -

Costa Rica President Luis Guillermo Solis, during his visit to Paris, France, as part of his European tour, told EFE that the important thing is that if the ICJ rules in favour of Costa Rica, Staoil cannot collect compensation, or claim that it “acted in good faith”.

Contrasting the assumptions made by Costa Rica is Mauricio Herdocia, an expert in international law, who said that Nicaragua has been careful to give concessions for oil exploration in remote sea areas where a dispute can be raised with neighbouring countries.

Therefore, Herdocia sees baseless Costa Rica’s “warning to the Norwegian oil company, Statoil, on the likely occurrence of “illegal acts that undermine the sovereignty of Costa Rica waters.”  See report at Today Nicaragua.

In May 2015 Statoil together with partner the  Empresa Nicaraguense del Petroleo Petronic – Petronic (Nicaragua state oild company) was awarded four licences offshore the Nicaraguan Pacific.  The licences cover an area of about 16,000 square kilometres in the Sandino Basin. Statoil is the operator with 85% equity with Petronic participating with the remaining equity.

- Advertisement -
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

220 kilometers in an electric vehicle will cost only ¢1,200 colones

Can you imagine traveling some 220 kilometers, about the distance between...

On This Day: Reagan Announces Nicaragua Trade Embargo

On this day, on May 1, 1985, President Ronald Reagan banned...

MOST READ

Vehicle restriction stops car theft

QCOSTARICA - The sanitary vehicular restrictions has put a damper on the operations of vehicle theft gangs (robaccaros in Spanish), resulting in a considerable...

Restricted drugs: the mail-order transfer that woke up with the pandemic

QCOSTARICA - In the midst of the COVID-19 pandemic, the country saw an increase in the transfer of restricted products, mainly medicines without health...

We understand why older people like them more now

QCOSTARICA - Costa Rica's new twenty rojos* bill was rolled out, circulating in the country on Thursday. And though they may be flashier, made...

Woman charged clients ¢35,000 for having sex with young women

QCOSTARICA - A woman, surnamed Castillo Castro, allegedly charged male clients ¢35,000 for having sex with young women between 18 and 24 years old...

Cold front will arrive in the country starting this Tuesday

QCOSTARICA - Cold front #4 will arrive in the country starting this Tuesday, December 1 and will cause rains in different sectors of the...

This week begins the transition to the dry season in the Central Valley and Guanacaste

QCOSTARICA - The transition to the dry season in the Central Valley and the Guanacaste (North Pacific) will begin this week, as these areas...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.