oil, gas and energy law

You work for the United Nations and have been asked to act as an intermediary between the dispute between China and Japan on the hydrocarbon resources situated in the East China Sea.  Applying your knowledge of international law and regulations, critically evaluate how you, as an intermediary, may help China and Japan reach an agreement to share the licensing of blocks within the East China Sea.  You will then evaluate how any licensing model and joint operating agreements entered into by any domestic or international oil companies may prove beneficial to both China and Japan, in relation to employment prospects for the citizens of both states and the tax benefits associated with successful exploration and extraction of hydrocarbon deposits.

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