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Mining & Energy

China to begin large-scale oil, gas exploitation in South China Sea


Lingshui 17-2 Field

Lingshui 17-2 Field

According to Asia Times Financial’s report “China to start big oil and gas project in South China Sea” based on local news website Netease’s report, China has recently finished construction of the world’s largest oil and gas storage platform.

It has 53,000 ton capacity and will deploy in January 2021 for storage of the oil and gas extracted from the Lingshui 17-2 field 150 km away from Hainan Island.

The report says, “The Lingshui 17-2 is a deepwater oil and gas field originally discovered in 2014. It made headlines in China, because it was the country’s first deepwater gas field discovery in the South China Sea.

It is located in the east Lingshui Sag of Qiongdongnan Basin, with an average water depth of about 1,450 meters, according to CNOOC.”

The oil fields have huge reserves of 200 million tonnes of oil and 300 billion tonnes of natural gas.

They lie so deep at the sea bottom that China has built the world’s largest deep-water semi-submersible drilling rig to carry out the exploitation.

Source: Tiananmen’s Tremendous Achievements – China to Begin Large-scale Oil, Gas Exploitation in South China Sea

About chankaiyee2

Author of the book "Tiananmen's Tremendous Achievements" about how with the help of Tiananmen Protests, talented scholars with moral integrity seized power in the Party and state and brought prosperity to China. The second edition of the book will be published within a few days to mark the 25th anniversary of Tiananmen Protests All the parts in the first edition remain in the second edition with a few changes due to information available later and better understanding. There are also some changes for improvements of style. The new parts are Chapters 12-19 on events in China after the first edition was published: The fierce power struggle for succession between reformists and conservatives; Xi Jinping winning all elders’ support during his mysterious disappearance for 2 weeks in early September, 2012; and Xi Jinping Cyclone. Chan Kai Yee's new book: SPACE ERA STRATEGY: The Way China Beats The US An eye-opening book that tells the truth how the US is losing to China. The US is losing as it adopts the outdated strategy of Air-Sea Battle while China adopts the space era strategy to pursue integrated space and air capabilities: It is losing due to its diplomacy that has given rise to Russian-Chinese alliance. US outdated strategy has enabled China to catch up and surpass the US in key weapons: Hypersonic weapons (HGV) that Pentagon regards as the weapon that will dominate the world in the future. Aerospaceplane in China’s development of space-air bomber that can engage enemy anywhere in the world within an hour and destroy an entire aircraft carrier battle group within minutes. Anti-satellite (ASAT) weapons, anti-ASAT weapons, stealth aircrafts, drones, AEW&C, etc. The book gives detailed descriptions of China’s weapon development based on information mainly from Chinese sources that the author monitors closely. U.S. Must Not Be Beaten by China! China is not a democracy. Its political system cannot prevent the emergence of a despotic leader or stop such a leader when he begins to bring disasters to people. A few decades ago, Mao Zedong, the worst tyrant in world history did emerge and bring disasters to Chinese people. He wanted to fight a nuclear war to replace capitalism with communism but could not bring nuclear holocaust to world people as China was too weak and poor at that time. If a despot like Mao Zedong emerges when China has surpassed the US in military strength, world people will suffer the misery experienced by Chinese people in Mao era. China surpassing the US in GDP is not something to worry about as China has the heavy burden to satisfy its huge population, but China surpassing the US in military strength will be world people’s greatest concern if China remains an autocracy. US people are of much better quality than Chinese people. What they lack is a wise leader to adopt the correct strategy and diplomacy and the creative ways to use its resources in developing its military capabilities. I hope that with the emergence of a great leader, the US can put an end to its decline and remain number one in the world. China, US, space era strategy, air-sea battle, space-air bomber, arms race, weapon development, chan kai yee

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