Author Topic: Carpio says PH-China deal to explore Recto Bank ‘light at the end of the tunnel’  (Read 1234 times)

adroth

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Carpio says PH-China deal to explore Recto Bank ‘light at the end of the tunnel’
By: Frances Mangosing - Reporter / @FMangosingINQ
INQUIRER.net / 07:30 PM November 25, 2020

https://globalnation.inquirer.net/192381/carpio-says-ph-china-deal-to-explore-recto-bank-light-at-the-end-of-the-tunnel

MANILA, Philippines—Retired Supreme Court Senior Associate Justice Antonio Carpio expressed optimism that China’s declaration that it would not interfere with Philippine exploration in Recto Bank in the West Philippine Sea would eventually lead to the settlement of maritime disputes there.

“The Chinese response has been very encouraging,” said Carpio, one of the staunchest critics of Chinese aggression in the South China Sea, at an online forum hosted by Stratbase ADR Institute on Wednesday (Nov. 25).

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adroth

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Carpio said as much back in 2018

MOU on oil development recognizes Philippine sovereign rights, Carpio says
Ellen Tordesillas (Vera Files) - November 25, 2018 - 10:19am

MANILA, Philippines — Acting Chief Justice Antonio Carpio said Friday China could be recognizing the sovereign rights of the Philippines in the disputed waters of the South China Sea covered in the recently-signed Philippines-China Memorandum of Agreement on Cooperation on Oil and Gas Development through service contracting arrangements as provided in the MOU.
 
Answering a question on the vagueness of the MOU signed by Foreign Secretary Teodoro Locsin Jr. and Chinese Foreign Minister Wang Yi during the state visit of Chinese President Xi Jinping last week, he took note of this portion of the MOU:

"China authorizes China National Oil Corporation (CNOOC) to be the Chinese enterprise for each Working Group. The Philippines will authorize the enterprise (s) that has/ have entered into a service contract with the Philippines with respect to the applicable working area or, if there is no such enterprise for a particular working area, the Philippine National Oil Company –Exploration Corporation (PNOC-EC) as the Philippine enterprise(s) for the relevant working group."

China as service contractor

"So there's a recognition of service contracting by the Philippines. The way I interpret the MOU is that this is a cooperation by the Philippines with China on oil and gas activities through service contractors," Carpio said during a forum on "Maritime Disputes in the South China Sea-Navigating the Diplomatic Waters,"  organized by the Konrad Adenauer Stiftung and the Rizalino S. Navarro Policy Center for Competitiveness at the Diamond Residences in Makati.


"So China comes in by being a contractor of our service contractor or taking equity position in our service contractor or both. So China will come in through service contractors. That's my interpretation," he also said.

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Read more at https://www.philstar.com/headlines/2018/11/25/1871600/mou-oil-development-recognizes-philippine-sovereign-rights-carpio-says?fbclid=IwAR335cRtzUme3UTj9T6IPaHqK7QPEEvclP3quYIyylAgCjQTZCVl3vMkIhk#q8P1CIdacAGrqW3L.99

adroth

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< Edited >

Provisions ‘sufficient’

A final bilateral meeting was supposed to have been held in Manila in March this year to vet the partnership agreement, but it was canceled due to the pandemic and no new date has been set.

The agreement was between China National Offshore Oil Corp. and Forum Energy Ltd., which was awarded by the Philippine government a service contract to explore the Recto (Reed) Bank area, which is said to hold gas reserves greater than Malampaya. The contract provides for a 60-40 sharing formula in favor of the Philippine government.

Carpio said the service contract stipulates that the Philippine government owns the oil and gas and that Philippine law governs the service contract. “To me, these provisions are sufficient to preserve our sovereign rights in the WPS, considering that the Chinese-owned company will be assuming the rights and obligations of the service contract under the service contract system of the Philippines,’’ he said.

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Read more: https://globalnation.inquirer.net/192661/carpio-pushes-next-ph-step-to-uphold-sea-row-ruling-vs-china#ixzz6gP7eAAhM
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