- Natural resources — Coastal states — Continental shelf — UNCLOS (UN Convention on the Law of the Sea)
This chapter focuses on the exploitation of non-living resources on the continental shelf. Article 82 of the Law of the Sea Convention (LOSC) establishes a process whereby coastal States are required to make payments or contributions in kind through the International Seabed Authority (ISA) when exploitation occurs on the extended continental shelf. This chapter discusses the negotiating history of article 82 and some of the issues that have been raised about how it is to be interpreted. In some cases, States will face a situation where hydrocarbons or minerals are located across a boundary or partly on the continental shelf and partly in the area governed by the ISA. The chapter suggests approaches for dealing with these difficulties. It also suggests that joint development areas should consider how article 82 is to be applied. Finally, the chapter discusses some issues relating to installations and structures on the continental shelf and carbon sequestration.
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