According to the Philippine Commercial News August15, the Philippine government has an agreement with Forum Energy, a UK oil company to explore the oil and gas field near Reed Tablemount in the China South Sea. In response, Chinese ambassador to the Philippines Liu Jianchao warned, "This will be treated as an infringement of China's sovereignty and will lead to regional tensions."
http://china.globaltimes.cn/diplomacy/2009-08/460087.html
Reed Tablemount (including Nares Bank and Marie Louise Bank) has Shallowest natural depth is 9 m. About 2,500 square miles (6,500 km2) in area. The Philippines occupied this feature in 1971 and a Philippine-Sweden joint oil-exploration followed afterwards. However, China protested this act of the Philippines saying that this tablemount which center lies 100 miles (160 km) from the Philippines is part of China's territories. After that, the Philippines tried asking China for a joint effort but China declined arguing that the Philippines has no right in this feature. Presently, this feature is largely controlled by the Philippines.
http://en.wikipedia.org/wiki/Spratly_Islands
http://china.globaltimes.cn/diplomacy/2009-08/460087.html
Reed Tablemount (including Nares Bank and Marie Louise Bank) has Shallowest natural depth is 9 m. About 2,500 square miles (6,500 km2) in area. The Philippines occupied this feature in 1971 and a Philippine-Sweden joint oil-exploration followed afterwards. However, China protested this act of the Philippines saying that this tablemount which center lies 100 miles (160 km) from the Philippines is part of China's territories. After that, the Philippines tried asking China for a joint effort but China declined arguing that the Philippines has no right in this feature. Presently, this feature is largely controlled by the Philippines.
http://en.wikipedia.org/wiki/Spratly_Islands
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