Abu Dhabi - Qatar
JDA3#ADQT
Asia
Agreement between Qatar and Abu Dhabi on the settlement of Maritime Boundaries and Ownership of Islands
[JDA3@ADQT#1 Boundary Agreement 1969]
Implementation Date: March 1969
Maritime Border Defined
Single Management Model
Summary:
The 1969 maritime delimitation agreement between Qatar and Abu Dhabi (prior to creation of the UAE) called for the development of the cross-border al-Bunduq field to be developed by Abu Dhabi. The ownership and revenues would be divided equally, subject to terms of the
respective concession agreement.
Split:
That ownership of al-Bunduq field shall be divided equally between the two Parties, who agree to consult periodically with respect to all matters relating to said field and its exploitation in order to exercise their rights thereto on the basis of equality
Governance:
That the al-Bunduq field shall be exploited by the Abu Dhabi Marine Areas (ADMA) Company in accordance with the terms of its agreements with the Ruler of Abu Dhabi, and that all revenues, profits and other benefits derived by the Government from said field shall be included in accordance with the aforementioned agreements between the Governments of Qatar and Abu Dhabi.
Other References: