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Page added on May 24, 2011

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The Deepwater China Era Begins

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China’s first deepwater oil rig launched yesterday in Shanghai.

The CNOOC981, which cost $6 billion to develop, can drill in depths up to 12,000 meters — potentially the deepest oil well in history. This is a huge increase for China, which was previously limited to 500-meter-deep seas.

The Global Times has more on the geopolitical consequences:

Energy-thirsty countries around the South China Sea have been tapping its oil resources for years, but this will mark the first instance of China’s influence spreading to its southern tides…

Zhao Ying, a scholar with the Chinese Academy of Social Sciences, told the Global Times that the new drilling platform is strategically important. “The value of the South China Sea natural resources is immense. Now that technologies are available for China to tap resources there, efforts to guard its operations and deter foreign illegal explorations become meaningful and necessary,” Zhao said.

Business Insider

2 Comments on "The Deepwater China Era Begins"

  1. Pretorian on Wed, 25th May 2011 6:30 am 

    3rd world war will start in SC Sea?

  2. Kenz300 on Thu, 26th May 2011 9:01 pm 

    Every nation needs to develop a policy of greater energy self sufficiency. We need to diversify our energy sources and energy types. Nuclear, coal and oil are increasing in cost and are limited in supply as well as contributing to global warming and poisoning the environment. Wind and solar are dropping in cost with more research and development and economies of scale starting to kick in. It is time to transition to the safe, clean alternative energy of the future.

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