Subject: Re: Mexico and USA Agree to Divide Unclaimed Area in Gulf of Mexico
Date: Jan 23, 2001 @ 18:17
Author: mick donner ("mick donner" <m@...>)
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> Mexico, U.S. Agree to Divide Unclaimed Area in Gulf of Mexicoagreement
> The Associated Press
>
> MEXICO CITY (AP) - Mexico and the United States signed an
> to divide up an unclaimed area of the Gulf of Mexico that liesbeyond
> both countries' 200-mile territorial limits.rights to
> The agreement is expected to sort out potentially lucrative
> offshore oil exploration in an area in the center of the Gulffor
> informally known as "the doughnut hole."
>
> But both countries agreed to a 10-year moratorium on drilling
> studies on where any oil deposits might lie, in order to ensureboth
> countries get an equal chance to tap into them.the
>
> Under the deal, Mexico obtained rights to about 60 percent of
> 6,500-sq. mile area in the Gulf, and the United States 40percent.
>between our
> U.S. Ambassador Jeffrey Davidow called the agreement, signed
> Wednesday in Mexico City, "a historic moment in relations
> two countries."equitable
>
> "The negotiations were always difficult, but the result was
> for both sides," Davidow said.