Its not about seeing a problem. There isn;t a problem. The only point I notice immdeiately is that bineg stated owned entities, it woud be fairly easy to achieve that given the kind of govt support and population they have.
I have no idea what you're talking about. India has a population that is just as large as China's. Your companies receive plenty of government subsidies. This is also true of U.S. Boeing and Airbus (see their dueling lawsuits at the WTO).
The Chinese companies have worked hard to develop giant offshore oil rigs, FPSOs, and other fabulous technologies to justify their production and revenue.
Your Indian oil companies aren't worth much, because you lack the technology to exploit your offshore oil and gas assets. Don't whine just because the Chinese have been busy developing advanced technology and you Indians can't keep up.
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CNOOC finds pearl in Enping
China National Offshore Oil Corporation (CNOOC) Floating Production, Storage, and Offloading vessel (FPSO)
Helicopter landing on CNOOC FPSO
CNOOC finds pearl in Enping - Upstream Online
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CNOOC finds pearl in Enping
CHINA National Offshore Oil Corporation (CNOOC) has made a significant oil discovery in the Enping Trough of the Pearl River Mouth basin in the eastern part of the South China Sea.
Xu Yihe 18 June 2010 01:47 GMT
Hopes: Enping find raises CNOOC's expectations in the South China Sea
Industry sources said that the find could pave the way for a new standalone field development based around a floating production, storage and offloading vessel.
The discovery, which has yet to be publicly confirmed, was made through the drilling of exploration well Enping 22 in late May. The discovery well confirmed a pay zone thickness of more than 100 metres, one source said. Sources added that CNOOC could announce the discovery soon.
The well lies at a location about 100 kilometres south-west of the Panyu oilfield, which was just surrendered to CNOOC by Devon Energy in April and north of Block 28/20, which is being explored by Italy's Eni.
Industry officials suggested that oil reserves at the Enping Trough discovery could total up to 30 million cubic metres (190 million barrels), which could support a scheme to produce 30,000 barrels per day when production starts.
The field is 100% owned by CNOOC, which is understood to be planning to drill appraisal wells to further determine the size of the reserves.
Once confirmed, Enping could turn out to be the largest find to have been made in the shallow waters of the South China Sea in recent years.
Its discovery will be a boost for CNOOC's amibitions to double its domestic hydrocarbons supply, including liquefied natural gas imports, to 100 million tonnes per annum (2 million barrels of oil equivalent per day) by 2020. China's offshore output capacity is expected to reach about 1.4 million boepd by 2015, up from an expected tally of about 1 million boepd this year.
CNOOC has participated in major deep-water success on deep-water block 29/26 where operator Husky Energy has made multi-trillion cubic feet natural gas discoveries that are set to be developed. However, discoveries in the shallow-water areas at the Pearl River Mouth basin have been scarce in recent years potentially making Enping a new breakthrough.
CNOOC does have some acreage in the Enping Trough that is on offer to foreign companies for exploration. Block 27/06 is categorised as being in the region, though it is not immediately clear how close that acreage is to the Enping 22 discovery.
Well-placed industry officials said CNOOC is already thinking about building a new floater to develop the field once reserves and an overall development plan confirm that it justifies commercial production.
"The new discovery doesn't favour tie-back development, as the nearest producing field is about 100 kilometres away," said one source.
Since 1993, China has built about 13 of the 17 floaters currently operating in its waters. Some of these producing floaters have also been upgraded or had their lifespans extended.
Published: 18 June 2010 01:47 GMT | Last updated: 18 June 2010 01:47 GMT"
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China deepens its resolve on energy security
China's Hai Yang Shi You 201, the "first deepwater pipe-laying [vessel] in Asia capable of operating at a water depth of 3,000 meters."
Press Center-Press Center-Deepwater Pipe-laying Vessel "Hai Yang Shi You 201" Docks for Debugging---Powered By SiteEngine
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On May 28, "Hai Yang Shi You 201" docked at the offshore engineering yard of Jiangsu Rongsheng Heavy Industries for outfitting and debugging.
Invested upon by Offshore Oil Engineering Co., Ltd. (COOEC),
it is the first deepwater pipe-laying crane in Asia capable of operating in a water depth of 3,000 meters. With a Dynamic Positioning Class 3 System and a lifting capacity of 4,000 tons, "Hai Yang Shi You 201" is equipped to operate in unrestricted navigation outside the Arctic.
"Hai Yang Shi You 201" has integrated a number of world-class manufacturing technologies, and
its detail design and construction were independently carried out in China. It belongs to the Eleventh Five-Year National Science and Technology Program and National High-Tech R & D Program, or 863 Program.
The project was launched in May 2005 and the construction began in September 2008. After the completion of "Hai Yang Shi You 201", COOEC is to take charge of its operation.
Release date: 28 May 2010"
China deepens its resolve on energy security > Oil News
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China deepens its resolve on energy security
OilOnline Managers posted on 7/13/2010
Chinese companies have stepped up their activities over the last year, and two recent reports from analysts Infield Energy Analysts and Wood Mackenzie suggest increased activity in the near future, especially as the NOCs venture into deeper waters.
In China's deepwater campaign, Infield forecasts a large-scale home-grown exploration and development campaign off China.
Over the next two decades, CNOOC plans to invest $30 billion in deepwater plays in the South China Sea with an aim to increase production of oil and gas to over 1 million b/d by 2020. Chinese NOCs, however, have little experience in deepwater operations, the report observes, as 98% of the country's operational platform infrastructure is within water depths of 500m or less.
China is moving into deepwater, though, and the DP3 Hai Yang Shi You 981 - the first deepwater semi to be designed and built in China - left the Shanghai Waigaoqiao Shipbuilding yard in late February. It can operate in waters to 3000m and drill to 10,000m. Additionally, Rongsheng Heavy Industry has built a deepwater pipelay vessel. The Infield paper calls the construction of the semi and pipelay vessel 'China's first steps towards a deepwater campaign'.
Of CNOOC's $30 billion planned investment, $2.2 billion will be used to engineer and fabricate a deepwater MODU, $880 million will go to the fabrication of a 3000m water depth drilling vessel, and $440 million is earmarked for a deepwater pipelay vessel, the paper notes. CNOOC believes the South China Sea is the offshore equivalent of its Daqing oil field, which produced 1 million b/d at its peak.
So far, CNOOC has, as a partner, logged a few deepwater finds offshore China, including the Liuhua 29-1 field and the nearby Liwan 3-1. The latter's FEED is complete, and a development plan was submitted to regulatory authorities earlier this year.
Liwan 3-1, discovered in 2006, was the first deepwater discovery in Chinese waters; it holds an estimated 100-150bcm of gas. About a month ago, Husky Energy, operator of both the Liwan 3-1 and Liuhua 34-2 fields, announced an appraisal at its Liuhua 29-1 discovery in 765m of water gave 'encouraging results'.
The Liuhua 29-1 field is Husky's third significant deepwater gas discovery in block 29/26.
Sinopec is also launching a deepwater program and has acquired a stake in block 18 offshore Angola. Sinopec's plan is to gain deepwater experience offshore Angola and use the experience to develop its deepwater assets offshore China, according to the report.
PetroChina has also acquired three deepwater blocks offshore Myanmar. The company plans to start deepwater exploration in the South China Sea in 2015.
In Wood Mackenzie's recent report Chinese NOCs step up international expansion, the firm said its review indicates intense activity over the last year will result in net overseas production reaching a new record level of 1 million boe/d in 2010 from
CNPC/PetroChina, Sinopec and CNOOC combined.
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In total the three Chinese NOCs [i.e. National Oil Company] have committed nearly US$25 billion to asset and corporate acquisitions since April 2009, far exceeding previous annual spending,' says Norman Valentine, senior analyst at WoodMac. 'Until recently Wood Mackenzie has characterized international expansion by the Asian NOCs as relatively conservative.
Acquisitions over the last 12 months have changed the picture - we estimate that the three Chinese NOCs alone accounted for nearly 20% of global deal value in the first quarter of 2010.'
WoodMac anticipates this increased activity will continue.
'With large-scale deals of over US$9 billion committed so far in 2010, we expect the Chinese NOCs to maintain high levels of deal activity,' Valentine says.
The firm estimates Chinese companies have accessed 2 billion boe of commercial reserves.
As a result, Valentine says, WoodMac expects the NOCs will produce over 1 million boe/d from overseas operations this year.
WoodMac concludes that while it may take some time for Chinese NOCs to be considered leading players in the industry's emerging resource segments,
Chinese NOCs are well positioned to maintain high levels of corporate activity in the future and build on the milestone production levels of 2010. OE
By: Jennifer Pallanich
Issue: July 2010"
[Note: Thank you to "Marchpole" for the picture of "Hai Yang Shi You 201" deepwater vessel.]
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A Chinese-built drilling rig is expected to arrive in Cuban waters in early 2011; likely opening the way for full-scale exploration of the island’s untapped offshore fields.
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China's Tianjing is Asia's (and World's 3rd) largest dredger
Tianjing is China's/Asia's largest dredger. "The dredgers will deepen the mooring areas along the quays of these ports, which serve the oil & gas industry."
http://www.most.gov.cn/eng/newsletters/2010/201002/t20100204_75813.htm
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'Tianjing,' China’s first large dredger, was delivered to its operator on January 19, 2010 in Shenzhen. 127.5m long and 23m wide, the new boat is equipped with an array of state-of-the-art mud digging equipment; with a total installed capacity reaching 20,020 kilowatts. The onboard reamer is designed with a power of 4200 kw.
As the most powerful digging system in Asia, the dredger is able to dredge up large rocks up to 40 Mpa; in addition to mud, sand, and little rocks. Application of a large dredger may reduce the number of sea floor explosion events and boost the safety of projects; in addition to its environmental protection functions.
The boat is also equipped with three efficient mud pumps that can be used to reclaim land from the sea for a distance up to 6,000 m. Its unloading capacity allows the boat to ship the mud and sand it has dug out to other desired destinations; expanding the scope of operation. It works efficiently because of its mobility, easy dispatch, and fine adaptability."