Thailand has formally terminated a 2001 agreement with Cambodia that was meant to provide a bilateral framework for resolving overlapping maritime claims in the Gulf of Thailand, as well as help the countries jointly manage offshore resources. The pact, known as "MoU [Memorandum of Understanding] 44," had largely failed to deliver results since its signing, despite five rounds of talks spanning more than two decades. Even so, it remained one of the few standing mechanisms for dialogue between the two countries over the disputed maritime space. Both Thailand and Cambodia claim ownership of the waters around several islands in this area, including Koh Kood . The popular tourist destination, controlled by Thailand, is believed to be sitting atop of considerable — and so far untapped — oil and gas reserves.…