An agreement setting continental shelf boundaries beyond 200 nautical miles north of the Faroes was signed by Faroes/Denmark, Iceland, and Norway.
Offshore staff
NEW YORK -- An agreement setting continental shelf boundaries beyond 200 nautical miles north of the Faroes was signed by Faroes/Denmark, Iceland, and Norway.
Under this agreement, the countries involved at the time will stipulate the exact boundaries via a two-parts agreement which will be subject to UN review.
Jóannes Eidesgaard, prime pinister of the Faroes, said this agreement would make it easier for the countries to develop plans on how to best use the seabed in the future.
The UN Convention on the Law of the Sea allows countries to extend rights beyond 200 nautical miles if they can show their continental shelf extends further.
