Philippine Foreign Secretary Alan Peter Cayetano said Beijing and Manila « are finding a common legal framework to conduct joint exploration and surveys ».
BEIJING: China and the Philippines said on Wednesday (Mar 21) they will cautiously proceed with discussions on joint oil and gas exploration in the South China Sea, further reversing years of tensions over their competing claims to the region.
The two states have long been embroiled in a bitter dispute over the waterway – with China claiming nearly the entire sea – but Philippine President Rodrigo Duterte has in recent years softened his predecessors’ policy of opposing Beijing’s claims.
The countries will « in a prudent and steady way advance cooperation on offshore oil and gas exploration », Chinese foreign minister Wang Yi told reporters after meeting Philippine Foreign Secretary Alan Peter Cayetano.
« The South China Sea disputes will no longer be a source of negative energy blocking the development of bilateral ties, » he added.
The Philippines said earlier this month it was in talks with a Chinese state firm over joint exploration and extraction in the strategic and supposedly resource-rich sea.
