Posted on 04/07/2016 10:49:48 AM PDT by nickcarraway
Previous placement of rig HYSY 981 sparked riots in Vietnam
Vietnam’s government on Thursday said it had told China to pull an oil rig from waters between the two countries that haven’t been demarcated and urged Beijing not to drill for oil or gas in the area.
China National Offshore Oil Corp. towed the same rig, known as HYSY 981, into a disputed area of the South China Sea in May 2014, triggering an uproar in Vietnam. Anti-Chinese riots broke out in several parts of the country while Chinese and Vietnamese coast-guard and fishing vessels stood off against each other at sea.
In a statement on Vietnam’s government website, foreign ministry spokesman Le Hai Binh said China last pulled the rig to its present location in the mouth of the Gulf of Tonkin on Sunday. It was towed to a nearby location in January.
(Excerpt) Read more at wsj.com ...
Declare it a hazard to navigation and sink it.
L
My Green Beret roommate, back in the day, said the Vietnam war was about access to oil.
This is the second mention in American press about Vietnam’s oil I’ve ever seen.
I note that OPEC didn’t get frisky until after we lost Vietnam...
That long ago? Interesting. Most of what we found when I drilled there was gas and lots of it but very little oil.
Also an interesting take on OPEC.
OPEC is probably now losing their hold on the world. I think we are in the midst of a huge significant change in energy that I told my kids about 5 years ago. Shale is game changing if it can be made sustainable and the current decline rate of shale production is far less than I ever thought it would be so it seems to be holding up to be the game changer I suspected it might be. Shale is everywhere in the world. Lord knows I’ve drilled enough of it in my time and a lot of it will very high gas units but of course very low permeability.
My prediction now is prices for oil grow and swing around $60 for a long time. How long? Years and years without a war. A decade or more. A generation maybe.
(China) “Whaddya gonna do about it, punk?”
Yep, that long ago. Very sharp dude, sadly I’ve lost touch with him. I suspect he’s deliberately keeping a very low profile...
Tells or asks?
Good! Blow each other up.
Vietnam Nam spanked China pretty good a few years back IIRC. Of course there weren’t any naval engagements to speak of.
L
The boom was long enough that most of the wells drilled and completed produced through the steepest part of their depletion curves before the boom ended. A relatively small fraction of those wells had yet to undergo the initial steep production decline, so the majority of production was relatively stable. The production decline seen is those late drilled wells reaching their more sustained long term depletion curve slopes, and the relatively small further decline from the earlier wells.
Rotsa ruck.
Wonder who on this forum is REALLY knowledgeable about the history between China and Vietnam? Just curious. “To the third generation....”
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