India to continue Vietnam oil exploration

Discussion in 'Indo Pacific & East Asia' started by LETHALFORCE, Jul 20, 2012.

  1. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    India to continue Vietnam oil exploration: report - NY Daily News


    India's state-run oil firm ONGC plans to press ahead with long-term partner Vietnam in exploring the disputed South China Sea for oil, shrugging off complaints by China, a report said Thursday.

    ONGC has accepted Vietnam's proposal to maintain its investment in Block 128, as Hanoi has offered additional data to help make future exploration economically feasible, Dow Jones Newswires said.

    The move marks a reversal of India's position as the country's junior oil minister R.P.N. Singh said in May ONGC had decided to return Block 128 to Vietnam.

    India's decision could rile China, which has repeatedly said it has "indisputable sovereignty" over essentially all of the mineral and fuel-rich South China Sea, a key trading route.

    But India insists the area ONGC wishes to explore is well within Vietnam's territorial waters.

    India, worried about encirclement by Chinese interests in the South Asian region, has been cooperating with Vietnam since the early 1990s as part of its "Look East policy" aimed at expanding ties with its eastern neighbours.

    Vietnam's offer to India comes after China National Offshore Oil Corp. in June offered for bidding nine blocks in the South China Sea for joint exploration with foreign companies, including parts of Block 128.

    Vietnam says Block 128 is inside its 200-nautical-mile exclusive economic zone granted under the United Nations' Law of the Sea.

    PetroVietnam has urged China to cancel the bidding for the blocks, saying they are in Vietnamese waters and has called on foreign companies not to take part, Dow Jones said.
     
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  3. Agni5

    Agni5 Regular Member

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    ONGC looks more stronger than String of Perls.
     
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  4. roma

    roma NRI in Europe Senior Member

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    i congratulate goi for haveing taken such brave steps to get into SCS - goi can be encouraged to do more by developing dfeeper ties with the SCS bordering countries especially vietnam and the philippines - also possible is to place nuke missile launching sites in thoe two nations - this will crank indian's strategic strength up to dragon's level - SCS can be india's military strategic "tibet" - a land close to the adversary but far away from the motherland -

    but even in the unlikely scenario that india might fail to get such privileges from those two, nuke-powered submarines placed in the SCS with nuke-armed missiles should be a 2nd best but still acceptable alternative
     
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  5. lavender87

    lavender87 Regular Member

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    Everyone can predict that what China did in the recent is just trying to unify Southeast Asia as a first pedal to expand to Indian Ocean and monopolize Pacific Ocean.

    What if China is successful in monopolize S China Sea?

    China will use its military power as the main power to force ASEAN conuntries to serve for China, colonizing them. Use ASEAN to block the S China Sea, then force Japan, South Korea to be China's allies by control the oil trading way through that sea. Japan and S Korea will have no choice since they rely badly on oil trading through S China Sea.

    China will use Pakistan and Burma, Bangladesh to isolate India and finally, monopolize Indian Ocean through Pakistan military ports. China would India to be a bonded land because India is the only potential disaster to China's super power dream.

    If China was successful to this point, then there are no way the US can approach China no more, since Japan, and Korean, Taiwan will be a very good shield for China from the east, ASEAN from the south east, Pakistan from the south, Iran from the west, Mongolia from the north. China will be a safest place in the world and will be free from all type of attacks.

    ..........

    China will step by step take control over Africa, then South America and expand bit by bit to invade Russia's land because Russia will not have enough population to take control over the huge area far to the eastern part. The world will change in a negative way if we let China to grow any more.
     
    Last edited: Aug 11, 2012
  6. s002wjh

    s002wjh Senior Member Senior Member

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    china monopolize indian ocean :tsk: i dont even know where to start point out the obivous flaws in your thread. did some chinese cheated you for you to be so anti-china?
     
  7. vietnam&india

    vietnam&india Regular Member

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    Vietnam goverment will do everything to protect India oil company as protect it's sovereignty !
    Fat guys' barking makes no use !
     
  8. s002wjh

    s002wjh Senior Member Senior Member

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    so suddently you are vietnam government now? the reaons many oil company don't want to get involve with phillippin/vietnam SCS oil is because of china. india will use vietnam to counter china, if it benefit them, same with vietnam. but fact is if china really decide to do something, vietnam is not in the postion to stop chinese coast guard or their navy.
     
  9. ani82v

    ani82v Senior Member Senior Member

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    There you said it! The so-called peaceful rise of China.

     
  10. s002wjh

    s002wjh Senior Member Senior Member

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    well did they send in warship even they have the capabilities? even small country like phillippine send their warship to chase off some chinese fiserman. what do you think US would do if this happen to us.
    oil company don't want to get involve because its disputed area. and china is a major power, whatever amount of profit they can gain is not enough to damage relation with china a potential customer, huge business opportunity.
    also last time i check SCS still in peace, granted alot countries in the region has dispute with each other.
     
  11. ani82v

    ani82v Senior Member Senior Member

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    http://defenceforumindia.com/forum/china/38977-chinese-frigate-stranded-disputed-waters.html :taunt:
    Of course you don't send any warships to embarrass yourself. Now if you say that it was a disputed area, what the hell was that vessel doing there?
     
  12. Sumonmitra20

    Sumonmitra20 Regular Member

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    That's why we are there babe.....:cool2::cool2:
     
    Last edited by a moderator: Aug 16, 2012
  13. p2prada

    p2prada Stars and Ambassadors Stars and Ambassadors

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    I had pointed this out before, Chinese foreign policy is more noise than substance.
     
  14. ice berg

    ice berg Senior Member Senior Member

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    The chinese foreign policy is far more successful than you realise. From the US-China cooperation during the cold war, isolation of ROC to the more recent ASEAN joint communiqué. You just dont know where to look.
     
  15. s002wjh

    s002wjh Senior Member Senior Member

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  16. s002wjh

    s002wjh Senior Member Senior Member

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    with what oil platform. and india gonna start a navy war with china for vietnam benefit so far from indian ocean lol. seriouslly india is there to use vietnam, just like vietnam are using india.
     
  17. no smoking

    no smoking Senior Member Senior Member

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    That depends on whom China's foreign policy is aiming at! With USA? Chinese definitlly do less and talk more! Others? You will see.
     
  18. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    India has not withdrawn from Vietnamese oil block: Minister

    India has not withdrawn from Vietnamese oil block: Minister

    New Delhi: India has not withdrawn from oil and gas exploration in a block in the South China Sea where China claims territorial rights over blocks originally allocated by Vietnamese oil company PetroVietnam, the government has said.


    ONGC Videsh Limited (OVL) is engaged in exploration of block 128 in South China Sea, Minister of State for Petroleum and Natural Gas R.P.N. Singh told the Lok Sabha in a written reply earlier this week.

    He said that block 128 and production block 6.1 fell under disputed zones.

    State-run OVL had halted its exploration activities in block 128 last year after China issued a demarche stating that its permission must be sought for exploration in block 127 and 128. The company was planning to quit the project. However, Vietnam later extended its exploration contract with OVL.

    The minister said OVL was associated with eight exploration blocks as an operator and seven blocks as non-operator under various production sharing contracts.

    He also said that OVL had 10 oil and gas assets in eight countries and produced 8.753 million tonnes of oil and oil equivalent gas.
     
  19. fzaq

    fzaq Regular Member

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    New carrier role in Pacific: fight illegal fishing - Navy News | News from Afghanistan & Iraq - Navy Times
     
  20. s002wjh

    s002wjh Senior Member Senior Member

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  21. cobra commando

    cobra commando Tharki regiment Veteran Member Senior Member

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    ONGC Videsh to continue
    exploration in Vietnam oil
    block


    New Delhi: In a move that will strengthen Vietnam’s case in its dispute with China over the South China Sea, India’s state-owned ONGC Videsh Ltd (OVL) plans to continue exploration in its oil block there. The field is the South China Sea hydrocarbon block No.128 and OVL’s inclination for renewal is being seen as India’s attempt to assert its presence in the region. OVL had earlier agreed to continue exploring the block for two years after China had put it up for global bidding. This extension ends in June. It also comes at a time when the Narendra Modi-led National Democratic Alliance (NDA) government, which has come to power, has promised to reboot the country’s foreign policy. Chinese foreign minister Wang Yi is expected to visit India on 8 June to meet Prime Minister Modi. “We want to extend our presence there. While we are willing to extend our stay there, it also depends on the other party as well. Let us see whether we get a one year or two years’ extension,” an OVL executive said, requesting anonymity. This comes in the backdrop of a Vietnamese fishing boat sinking near the controversial Chinese oil rig around the Paracel Islands on Tuesday. China, which disputes sovereignty over the waters with Vietnam, had earlier objected to the presence of an Indian vessel surveying the area.
    China and Vietnam are among many countries that hold competing claims over the South China Sea and it islands. Tensions have flared between China and Vietnam over the Spratly and Paracel Islands, following clashes between boats of the two nations.


    Read more here:
    ONGC Videsh to continue exploration in Vietnam oil block - Livemint
     

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