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China's $1 billion oil drilling rig, the Haiyang Shiyou 981 – owned and operated by the China National Offshore Oil Corporation – in the South China Sea, Ocean Oil 981 – began its first drilling operations in 2012. [19] [20] It led to protests and hence had to be shifted back. [21]
The rig completed the Kapuni drilling campaign of 4 wells for STOS (Shell Todd Oil Services) in August 2013. Its next drilling project commenced August 2013 for Tag Oil with one well successfully drilled at Cheal C of a depth of just under 5,000m. The rig was then stood down pending appeals for the next stage of a drilling campaign for Tag Oil ...
It is a majority owned subsidiary of Chinese state owned company CNOOC Group. [1] It also has a listed sister company in Hong Kong, CNOOC Limited . China Oilfield Services usually purchases off shore vessels (OSVs) and operates them in Southeast Asia , the Middle East and Central Asia in off shore projects of CNOOC.
Offshore exploration and drilling were first undertaken in the early 1970s, and it became more widespread and advanced as the decade progressed. Chinese and foreign oil experts believed that offshore deposits were extensive and could equal onshore reserves. Offshore operations relied heavily on foreign technology.
The Daqing Oil Field (simplified Chinese: 大庆油田; traditional Chinese: 大慶油田; pinyin: Dàqìng Yóutián), formerly romanized as "Taching", [1] [2] is the largest oil field in the People's Republic of China, located between the Songhua river and Nen River in Heilongjiang province.
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The rig designed by Friede & Goldman. The rig began operation on May 9, 2012, in the South China Sea , 320 km southeast of Hong Kong , at a depth of 1,500 m. On May 2, 2014, the platform was moved near to the Paracel islands , [ 1 ] a move Vietnam stated violated their territorial claims [ 2 ] while Chinese officials said was legal [ 3 ] as it ...