Chinese Offshore Oil Company Fuels South China Sea Tension

Sep 29, 2014 | The Diplomat
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The China National Offshore Oil Company (CNOOC) announced on September 15 that the HD981 oil rig has discovered a new gas field called Lingshui 17-2, some 150 kilometers south of Hainan. However, the gas field’s reserves, which are still being tested, are estimated at an average operational depth of 1,500 meters, signaling that China now has the technological capability to drill anywhere in the South China Sea (SCS).