China's 1st deep-water rig to begin operations in sea area
News Date: 9th May 2012
The first deep-water drilling rig developed in China will be put into service in the South China Sea this morning, said the country’s largest offshore oil producer China’s National Offshore Oil Cooperation, or CNOOC. The sixth-generation semi-submersible CNOOC 981 will begin operation in a sea area 320 kilometers southeast of Hong Kong, at a water depth of 1,500 meters.
It will be the first independent deep-water oil drilling done by a Chinese company.
The "CNOOC 981" can dig as deep as 10,000 meters underground. The deck platform is as big as a football field. It weighs more than 30,000 tons and stands over 136 meters tall. With advanced technology, it is called the "Aircraft carrier" of ocean equipment.
The CNOOC 981 took 6 years to build. It was towed to the east part of the South China Sea in February for a trial operation.
The South China Sea is estimated to have at least 23 billion tons of oil and 16 trillion cubic meters of natural gas, accounting for one-third of China’s total oil and gas resources.
About 70 percent of oil and gas reserves in the resource-rich South China Sea is contained in sea areas with depths of over 300 meters.
At present, most of China’s current offshore oil exploration is conducted less than 300 meters below the surface.
China's dependence on oil imports has always been a source of concern for the government, which has actively been pushing its oil and gas companies to explore existing reserves and branch out overseas.
In 2011, China imported 57% of the oil it consumed.
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News Date: 9th May 2012
The first deep-water drilling rig developed in China will be put into service in the South China Sea this morning, said the country’s largest offshore oil producer China’s National Offshore Oil Cooperation, or CNOOC. The sixth-generation semi-submersible CNOOC 981 will begin operation in a sea area 320 kilometers southeast of Hong Kong, at a water depth of 1,500 meters.
It will be the first independent deep-water oil drilling done by a Chinese company.
The "CNOOC 981" can dig as deep as 10,000 meters underground. The deck platform is as big as a football field. It weighs more than 30,000 tons and stands over 136 meters tall. With advanced technology, it is called the "Aircraft carrier" of ocean equipment.
The CNOOC 981 took 6 years to build. It was towed to the east part of the South China Sea in February for a trial operation.
The South China Sea is estimated to have at least 23 billion tons of oil and 16 trillion cubic meters of natural gas, accounting for one-third of China’s total oil and gas resources.
About 70 percent of oil and gas reserves in the resource-rich South China Sea is contained in sea areas with depths of over 300 meters.
At present, most of China’s current offshore oil exploration is conducted less than 300 meters below the surface.
China's dependence on oil imports has always been a source of concern for the government, which has actively been pushing its oil and gas companies to explore existing reserves and branch out overseas.
In 2011, China imported 57% of the oil it consumed.
BusinessGhana - Ghana, Business Advice, Jobs, News, Business Directory, Real Estate, Finance, Forms, Auto
