Thailand, Cambodia to Cooperate Over Overlapping Sea Areas

PATTAYA (Dow Jones Newswires), April 10, 2009

Thailand and Cambodia will push for greater cooperation in developing overlapping sea areas along their shared border which are believed to be rich in oil deposits, Prime Minister Abhisit Vejjajiva said Friday.

Abhisit said he and his Cambodian counterpart Hun Sen agreed that energy security has become critical, hence the need for greater cooperation.

The area in the Gulf of Thailand is believed to have enormous potential for petroleum, but exploration has been limited because who has control over parts of the seabed along their shared border has never been clearly defined.

Copyright (c) 2009 Dow Jones & Company, Inc.

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