48 Tortuga Island Sovereignty (1/2)

Unfortunately, this giant oil field with a reserve of more than 10 Billion Barrel is currently not available for mining.

One reason is that, in accordance with the relevant provisions of the UN Convention, the sea area extending from Tortuga Island to the 200 nautical miles of the ocean belongs to the exclusive economic zone of Haiti government.

The Haiti Government has sovereign rights and other jurisdictional rights over the natural resources of the region and has the right to take certain measures for this purpose.

The oil fields located dozens of nautical miles away from the northeast of Tortuga Island are located in the exclusive economic zone of Haitian government and government.

Chen Rui spent $77.81 million on the island to purchase the ownership of the sparsely populated 78.12 square kilometers of land in the eastern part of Tortuga Island, as well as the development of tourism resources and the development of fishery resources in coastal areas extending no more than 10 nautical miles. But minerals and exploitation rights of natural resources such as oil are not included.

That is to say, oil exploration rights and oilfield exploitation rights are also attributed to the Haiti government.

Chen Rui wants to develop this oil field.

There are two ways.

First, apply to the Haiti government for oil exploration and exploitation rights in this area.

However, in doing so, the Haiti government will impose various restrictions on oil exploration activities and oilfield exploitation, such as the length of mining, generally 30 years or less, and restrictions on oil production technology.

Secondly, in addition to paying a large amount of oil exploration license fees and concession rights to the Haiti government, Chen Rui may pay 10 million US dollars or 100 million US dollars, and after the oil is released, Chen Rui will pay each year. Haiti government must have a large sum of oil-sharing fees. This proportion will usually reach more than 50%. If the oil field produces one million barrels of oil per year, the share will reach billions of dollars.

If it is determined that it is a super-mass oil field with a reserve of more than 10 Billion Barrel or even a larger reserve, it is difficult to maintain its own interests in the oil field with Chen Rui current strength.

For example, the Haiti government will nationalize the oil field.

This kind of thing is very likely to happen, and its neighbors are a good example of it.

In 1936, Bolivia became the first country to take foreign oil companies operating in the country as state-owned. After two years, Mexico forced all foreign oil companies in the country to be nationalized.

With the development of the national independence and independence movement, nationalization has spread rapidly throughout Latin America. Countries such as Venezuela, Argentina, Ecuador, Trinidad and Tobago in Latin America have joined the nationalization team of oil.

Even in modern times, in March 2006, the Venezuelan government and government announced the abolition of all oil development contracts signed with foreign oil companies in the 1990s. In May of the same year, Bolivian President Morales signed a summer decree and announced the nationalization of its oil and gas resources.

The second method is to obtain the sovereignty of Tortuga Island, including 180+ square kilometers of territory, extending the sovereignty of the territorial sea by 12 nautical miles, extending the contiguous zone of 12 nautical miles from the territorial sea baseline, and establishing under the United Nations Convention on the Seas The exclusive economic zone of 200 nautical miles and the continental shelf that naturally extends as its terrestrial territory.

In the exclusive economic zone, sovereign rights and other jurisdictional rights may be granted to the natural resources of the region.