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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 Hai Yang Shi You 981 standoff, also known as the 2014 China-Vietnam oil rig crisis, refers to the tensions between China and Vietnam arising from the Chinese state-owned China National Offshore Oil Corporation moving its Hai Yang Shi You 981 (known in Vietnam as "Hải Dương – 981") oil platform to waters near the disputed Paracel Islands in South China Sea, and the resulting ...
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 ...
The Great Wall Drilling Company, a subsidiary of the China National Petroleum Company, invested $700 million in drilling 57 wells in Sudan over a 3-year period starting in 1997. [25] In 2010, the company was awarded a contract by the Sudanese Petroleum Ministry to build 5 oil rigs for $75.5 million. [26]
Sun Weijie (CEO) [1]: Products: Drill rigs, cementers, frac spread, coiled tubing unit, nitrogen pumper, intelligent pipe handling system, snubbing units, hot oilers, coiled tubing injectors and blow out preventers, natural gas compression package, natural gas equipment, compressors, LNG equipment), wellhead equipment, downhole motors and related equipment.
It is China's first vessel capable of ultra-deepwater research and drilling, Chinese state media reported on Monday. It can travel 15,000 nautical miles (27,780 kilometres) and operate for 120 ...
On June 5, 2018, CNOOC Gas and Power Group Co. Ltd., a subsidiary of China National Offshore Oil Corporation (CNOOC), China's largest LNG importer and terminal operator, has recently signed a memorandum of understanding (MOU) with the Philippine fuel retailer Phoenix Petroleum to study, plan, and develop a liquefied natural gas (LNG) receiving ...
Daqing oil field is located in the Songliao Basin, a large sedimentary basin that is in the tectonic framework of the North China-Mongolia tract. [3]: 25 In 1959, the oil field was discovered by Li Siguang. Iron Man Wang Jinxi (who led No. 1205 drilling team) worked on this oilfield. The first oil well was drilled on September 26, 1959.