Times of Oman
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
China finishes oil drilling in disputed waters
July 16, 2014 , 10 : 21 am GST
SAVE THIS ARTICLE
Chinese coastguard ships give chase to Vietnamese coastguard vessels (not pictured) after they came within 10 nautical miles of the Haiyang Shiyou 981, known in Vietnam as HD-981, oil rig in the South China Sea, July 15, 2014. Photo - Reuters
An oil rig that China moved into contested waters to the fury of Vietnam has finished drilling "as planned", the energy company behind the project said, a month earlier than expected.
The official news agency Xinhua said the giant rig would be withdrawn to the area of China's Hainan island.
Relations between the Communist neighbours have plummeted since the oil rig was moved near the Paracel Islands in the South China Sea in May.
Beijing and Hanoi are embroiled in a bitter territorial dispute over claims in the area, and there have been repeated skirmishes between dozens of Chinese and Vietnamese vessels since the rig was deployed, along with a wave of deadly anti-Chinese riots in Vietnam.
"The mission has been completed smoothly as planned, and oil and gas has been discovered," a statement from China National Petroleum Corp (CNPC) posted on its website late Tuesday said.
"The data collected will be analysed and a decision made on the next step," the statement added.
The statement did not give any indication of the quality of the reserves, or how they could be exploited.
China previously said the drilling would continue until August 15.
China is embroiled in a series of disputes with its southeast Asian neighbours over its expansive claims to the South China Sea.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Man charged with selling smartphone spying software
Philippines to seize Marcos widow's art masterpieces
Malema trial puts focus on corruption in South Africa
US judge calls Argentina in contempt in debt case
Fears over fresh eruption halt Japan volcano search
TOP RATED ARTICLES
Hamad is Oman Air’s new country manager
Times News Service
Oman crime: Masked men stab Omani on road
FAHAD AL MUKRASHI
Oman to host summit for offshore industry experts
Times News Service
Take Away Art Project : French organisation hopes to unite Omani, French artists
New social network gets viral surge
More in News
It's Different! Discovering pop legend Michael Jackson's popularity in rural India
Bucharest 'khans' reborn after decades of neglect
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
Tips for writing a good article
More in Features
The world must wage an intellectual war to defeat Isis
There isn’t any moderate opposition in Syria now
The cost of destroying Isis will be enormous
Oman’s conclusive reality — towards regression or triumph?
Being introvert isn’t a flaw of character
More in Columns
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial