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In 2002, 10-member Association of Southeast Asian Nations and China signed a nonbinding accord that calls for maintaining the status quo. China wants to engage claimants individually
-- against the wishes of countries like the Philippines that want to negotiate as a bloc. Complicating the issue is the role the United States wants to play in resolving the dispute. It is a key Philippine defense treaty partner, which means that in case of Chinese attack it is obligated to come to Manila's aid. U.S. Ambassador Harry Thomas said last week that Washington would stand by the Philippines. The U.K.-based Forum Energy PLC, which has a contract with the government to explore the Reed Bank, has announced that it has completed seismic tests in the area and will process the data to identify the best location for drilling appraisal wells. Forum Energy Robin Nicholson said in a statement in March that his company is looking forward "to making further investments into the project." The company said that in 2006, a seismic survey in an area in the Reed Bank indicated it contained 3.4 trillion cubic feet of gas.
[Associated
Press;
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