Abstract
When analysing the overall purpose of joint development and the characteristics of hydrocarbon deposits in Chap. 2, reference was made that achieving resource efficiency constitutes a fundamental aspect of cooperation regarding the common exploration and exploitation of hydrocarbon deposits that straddle across a boundary line. It was also mentioned that competitive drilling is contrary to international law and that it leads to the waste of resources, even though States are not legally required to adopt conservation measures, such as unitization, or to engage in cooperative production of common offshore hydrocarbon deposits under the umbrella of a joint development agreement.
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