Martian2
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Exxon is planning to drill 10 nautical miles outside of China's Nine Dash Line map. However, a natural gas field is large and gas will be siphoned away from China's side.
Due to Chinese threats of economic retaliation against Exxon, the company has delayed an investment decision until 2019.
Right now, Blue Whale is only a speculative project. Exxon may not move forward. If it does move forward, Exxon may have to provide guarantees to the Chinese government of not stealing Chinese natural gas.
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Will China Scuttle ExxonMobil’s South China Sea Gas Project With Vietnam? | The Diplomat (November 16, 2017)
"The Blue Whale field lies in Block 118, which extends from Vietnam’s shoreline and falls well within Vietnam’s 200-nautical mile exclusive economic zone (EEZ). Via its notorious nine-dash line, Beijing also lays claim to the same rights to Block 118; its claim starts 50 nautical miles (92.6 kilometers) off the coast of central Vietnam and comprises the eastern third of the block.
Exxon is reportedly planning to drill at least 10 nautical miles outside the nine-dash line, some 88 kilometers off Vietnam’s shore. So while Exxon’s reported drilling location does not technically fall within Beijing’s claims under its nine-dash line, the drilling will drain the same basin China was exploring in 2014 with its deep-water drilling rig Haiyang Shiyou 981 (HY981). Back then, movement of the HY981 to the hotly-disputed area sparked a series of protests and riots in Vietnam.
Last week’s expected announcement of the launch of Blue Whale, however, failed to move forward, with ExxonMobil Development Company’s President Liam Mallon telling a business forum at APEC on November 7, 'there’re specific agreements that we still need to be put in place,' and delaying the final investment decision until 2019."
Due to Chinese threats of economic retaliation against Exxon, the company has delayed an investment decision until 2019.
Right now, Blue Whale is only a speculative project. Exxon may not move forward. If it does move forward, Exxon may have to provide guarantees to the Chinese government of not stealing Chinese natural gas.
----------
Will China Scuttle ExxonMobil’s South China Sea Gas Project With Vietnam? | The Diplomat (November 16, 2017)
"The Blue Whale field lies in Block 118, which extends from Vietnam’s shoreline and falls well within Vietnam’s 200-nautical mile exclusive economic zone (EEZ). Via its notorious nine-dash line, Beijing also lays claim to the same rights to Block 118; its claim starts 50 nautical miles (92.6 kilometers) off the coast of central Vietnam and comprises the eastern third of the block.
Exxon is reportedly planning to drill at least 10 nautical miles outside the nine-dash line, some 88 kilometers off Vietnam’s shore. So while Exxon’s reported drilling location does not technically fall within Beijing’s claims under its nine-dash line, the drilling will drain the same basin China was exploring in 2014 with its deep-water drilling rig Haiyang Shiyou 981 (HY981). Back then, movement of the HY981 to the hotly-disputed area sparked a series of protests and riots in Vietnam.
Last week’s expected announcement of the launch of Blue Whale, however, failed to move forward, with ExxonMobil Development Company’s President Liam Mallon telling a business forum at APEC on November 7, 'there’re specific agreements that we still need to be put in place,' and delaying the final investment decision until 2019."
what a funny guy, keep us entertain more with your delusion 
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