A new United Nations treaty has established a deadline of May 13, 2009 for countries to make claims on continental shelf up to 380 miles (612 km) off their shores. Last week the United Kingdom announced that they would make a claim under the treaty for one million square kilometers around its territories. The one claim that is creating the most debate is the claim for shelf space around the disputed Falkland Islands off the coast of South America.
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Concerning the continental shelf land grab, check out previous postings by searching for Arctic Ocean dispute- Norway, Greenland nd Canada are also zones of contention over who owns what.