Monday 21 June 2021

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 -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

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

Informants assisted OIJ in corruption investigations, says the minister

QCOSTARICA - The investigation into alleged bribery of public officials in exchange for contracts for road works, received help from informants within the Consejo...

College of Physicians negotiates donation of a million and a half vaccines against covid-19

QCOSTARICA - This week there could be very good news for the country in the fight against the coronavirus pandemic if the College of...

13 Powerful Home Remedies for Acne

Acne is considered to be one of the most common skin ailments on the planet, with a record 60 million people being afflicted by...

Bribed with cars, sexual favors and money in exchange for road works contracts

QCOSTARICA - The OIJ uncovered a big pothole on Monday when it was announced that public officials had allied with construction companies that, apparently,...

Since 2018 MECO has received contracts from the State for more than ¢139 billion

QCOSTARICA - Almost ¢140 billion colones (US$227 million dollars) is the amount the MECO construction company was able to snare for public works contracts...

Today’s Vehicle Restriction June 17: 7 & 8 CANNOT circulate

Today, Thursday, June 17, vehicles with plates ending 7 & 8 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Today’s Vehicle Restriction June 15: 3 & 4 CANNOT circulate

Today, Tuesday, June 15, vehicles with plates ending 3 & 4 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Despite investigation, construction of road works by H. Solís will continue

QCOSTARICA - Five major road works under the responsibility of the H. Solís company will continue in development despite investigations for alleged corruption involving...

Today’s Vehicle Restriction June 16: 5 & 6 CANNOT circulate

Today, Wednesday, June 16, vehicles with plates ending 5 & 6 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.