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Legislation Proposed to Implement the U.S.- Mexico Transboundary Hydrocarbons Agreement

The offshore areas of the Gulf of Mexico provide a setting for domestic and international energy\r production, U.S. military training and border operations, trade and commerce, fishing, tourist\r attractions, and recreation. These governmental, commercial, and cultural activities depend on\r healthy and productive marine and coastal areas for a range of economic and social benefits.\r Consequences of hurricanes and oil spills demonstrate that offshore areas in the Gulf of Mexico\r are governed by a number of interrelated legal regimes, including treaties and international,\r federal, and state laws.\r A key congressional interest has been the federal role in managing energy resources in deepwater\r areas of the Gulf of Mexico, particularly in waters beyond the U.S. exclusive economic zone\r (EEZ), more than 200 miles from shore. In 2012, the United States and Mexico signed an\r agreement known as the U.S.-Mexico Transboundary Hydrocarbons Agreement (the Agreement).\r This Agreement could mark the start of an energy partnership in an area of international waters\r that the U.S. Department of the Interior\'s (DOI\'s) Bureau of Ocean Energy Management (BOEM)\r estimates to contain as much as 172 million barrels of oil and 304 billion cubic feet of natural gas.\r The main purposes of the partnership would be to lift a moratorium and to jointly develop\r reservoirs of oil and natural gas, referred to as "transboundary resources," that exist in areas\r straddling the marine border of both countries. The Agreement stems from a series of bilateral\r treaties originating in the 1970s. Like other diplomatic measures, for the Agreement to take\r effect, it must be placed before each country\'s national lawmakers for review. To date, Mexico\r has completed review and accepted the Agreement. The Agreement awaits the passage of\r implementing legislation in the U.S. Congress.\r Bills: H.R. 1613, S.812

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# File Name Document Date Order ID: Number of Pages Price
1 R43204.pdf Nov 06, 2013 R43204 27 $29.95 Add to Cart

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Proposed U.S.-Mexico Transboundary Hydrocarbons Agreement: Background and Issues for Congress  [Order No: R43204  Release Date: Aug 29,2013  Pages: 25]