France - Spain
JDA6#FRSP
Europe
Convention Between the Government of the French Republic and the Government of the Spanish State on the Delimitation of the Two States in the Bay of Biscay
Implementation Date: 29 January 1974
Maritime Border Defined
Simple Revenue Sharing
Summary:
The 1974 Convention between France and Spain delimitated their continental shelf boundary and established a complementary joint development scheme. Both governments retain sovereignty and jurisdiction over the 'zone speciale' joint zone, providing for joint ventures between the companies operating in each sector and the export of the resources recovered from the sector of one State to the other State.
Split:
If a deposit of natural resources is split by the boundary between the continental shelves and if that part of the deposit which is situated on one side of the boundary is exploitable, wholly or in part, by means of installations situated on the other side of the boundary, the Contracting Parties shall endeavour, together with the holders of exploitation licences, if any, to reach agreement as to the conditions for exploitation of the deposit, in order to ensure that such exploitation is as profitable as possible and in order that each Party may preserve its full rights over the natural resources of its continental shelf
<From JDA6@FRSP#1 [4]>
Governance:
The Contracting Parties shall encourage the exploitation of the zone in such a way as to ensure an equal distribution of its resources.
In accordance with this principle, each Contracting Party undertakes to encourage within the framework of its mining regulations, the conclusion of agreements between companies applying for licences to explore the zone, in order to allow companies having the nationality of the other Party to participate in such exploration on the basis of equal partnership and proportional financing of operations.
<From JDA6@FRSP#1 [Annex 2]>
Other References: