BoQ77
BANNED
- Joined
- Jul 29, 2012
- Messages
- 8,704
- Reaction score
- 0
- Country
- Location
'Triumphant Return' to Senkaku Islands
A Chinese rig is said to be headed for disputed waters in the midst of naval exercises.
A Japanese coastguard boat patrols the disputed islands
Chinese media report that a newly built jackup oil rig is on its way to be put in operation off the disputed Japanese-controlled islands called Senkaku by the Japanese and Diaoyu by the Chinese.
A low-key story on lease finance in today's Xinhua Daily newspaper carried the information, which remains unconfirmed.
The move is being made in the midst of a large-scale, live-fire naval exercise by Chinese forces in the East China Sea in an area some 200 km to the north of the disputed islands.
The rig bears the name Kaixuan Yihao, or Triumphant Return Number One, a name and number that may promise a triumphant series of returns to the disputed area of the East China Sea, which is referred to in Chinese newspaper reports as "our country's East Sea".
According to TradeWinds sister publication Upstream, the recently delivered $180m rig is equipped for water depths of 400 feet and can drill down to 35,000 feet.
The rig was originally ordered by Singapore-based KS Energy and subsequently acquired by state-owned ICBC Bank's ICBC Leasing for charter to China Oilfield Services Ltd (COSL).
The move would up the stakes in the Sino-Japanese dispute over possession of the small island chain near Taiwan and the potential oil resources in the surrounding waters.
The East China Sea exercise set to run from 29 July to 2 August has crowded passenger flights out of East and South Chinese airspace.
The reported rig move also comes only two weeks after the end of the deployment of another, larger Chinese rig, the semi-submersible rig Hai Yang Shi You 981, in waters of the South China Sea claimed by Vietnam. That move was also made by COSL, in that case on behalf of China National Petroleum Corporation (CNPC).
A Chinese rig is said to be headed for disputed waters in the midst of naval exercises.
A Japanese coastguard boat patrols the disputed islands
Chinese media report that a newly built jackup oil rig is on its way to be put in operation off the disputed Japanese-controlled islands called Senkaku by the Japanese and Diaoyu by the Chinese.
A low-key story on lease finance in today's Xinhua Daily newspaper carried the information, which remains unconfirmed.
The move is being made in the midst of a large-scale, live-fire naval exercise by Chinese forces in the East China Sea in an area some 200 km to the north of the disputed islands.
The rig bears the name Kaixuan Yihao, or Triumphant Return Number One, a name and number that may promise a triumphant series of returns to the disputed area of the East China Sea, which is referred to in Chinese newspaper reports as "our country's East Sea".
According to TradeWinds sister publication Upstream, the recently delivered $180m rig is equipped for water depths of 400 feet and can drill down to 35,000 feet.
The rig was originally ordered by Singapore-based KS Energy and subsequently acquired by state-owned ICBC Bank's ICBC Leasing for charter to China Oilfield Services Ltd (COSL).
The move would up the stakes in the Sino-Japanese dispute over possession of the small island chain near Taiwan and the potential oil resources in the surrounding waters.
The East China Sea exercise set to run from 29 July to 2 August has crowded passenger flights out of East and South Chinese airspace.
The reported rig move also comes only two weeks after the end of the deployment of another, larger Chinese rig, the semi-submersible rig Hai Yang Shi You 981, in waters of the South China Sea claimed by Vietnam. That move was also made by COSL, in that case on behalf of China National Petroleum Corporation (CNPC).
