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Author Topic: Stupid Viet Commies Don´t Even Dare To Drill Oil Inside Their Own EEZ  (Read 426 times)

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https://oilprice.com/Geopolitics/Asia/China-Crushes-Vietnams-South-China-Sea-Drilling-Hopes.html

The problem for Vietnam is pronounced as the country’s oil and gas production is declining from maturing fields and it needs new production to offset these declines. However, considering Beijing’s ever-increasing push to enforce its South China Sea claims, even when it crosses into the EEZ’s of other countries, leaves Vietnam in a near hopeless situation.

China has considerable leverage over its smaller communist counterpart. China is Vietnam’s largest trading partner for starters, and economic reprisal from Beijing could take a heavy toll on Vietnam’s economy. China’s military, and especially its navy and maritime naval fleet,, which often does Beijing's bidding to enforce its claims, is vastly superior in both technology and in numbers to anything Vietnam can put afloat, prompting the question: What will Vietnam do to make up for depleting oil and gas reserves if its giant and often belligerent neighbor to the north keeps causing Hanoi to fold over oil and gas development?

Perhaps that answer did indeed come at today’s conference. It will have to make a pivot to more costly LNG imports and also more oil imports in addition to renewals like solar and wind. However, some of these options take time to implement, while large quantities of oil and gas clearly within Vietnam’s own UN-mandated waters will lay untapped.

Offline ngjm95

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However, some of these options take time to implement, while large quantities of oil and gas clearly within Vietnam’s own UN-mandated waters will lay untapped.

Drilling on Lan Do and Phong Lan Dai will be carried out using the semi-submersible drilling rig Hakuryu-5, owned by the Japanese company Japan Drilling Co., Ltd (JDC).

Why start a war when when you  can avoid !It's not you and I.

Rosneft is currently involved in gas and condensate production projects on two offshore Vietnam blocks and is also a participant of The Nam Con Son Pipeline project.

Rosneft Vietnam B.V. owns 35% share in the Block 06.1, which contains three gas condensate fields – Lan Tai, Lan Do, and PLD (Wild Orchid). The fields are 370 km offshore in Nam Con Son basin. Sea depth in the areas reaches 190 meters. Initial gas reserves of the fields are about 69 billion cubic meters, according to data available on Rosneft’s website.

With a Japanese rig rented,Is Vietnam trying to internationalised the issue by collaboration with Russia and Japan ?
By the way, did UN ever threaten China with sanctions for bullying Vietnam?
 

Offline RedWine

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All of these drilling projects are done with foreign partners. Why not just use a Chinese company as a foreign partner? Think about it , Vietnam gets the same benefit as other foreign partners without the headaches.
I'm a fobulous fob


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you are so retarded it´s mind numbing how you manage to type in English and do not absorb enough information to see reality.  The Chinese have zero desire to make Vietnamese rich.  This only empowers the VCP to backstab CCP in the future.  This is why China does not invest in Vietnam.  You have posted numerous FDI charts, so how did you miss this critical information?  As soon as the VCP makes some money, the first thing they buy are Russian made weapons.

Offline Lavender

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Vietnam has big trade deficit with China. So scared.

Offline RedWine

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you are so retarded it´s mind numbing how you manage to type in English and do not absorb enough information to see reality.  The Chinese have zero desire to make Vietnamese rich.  This only empowers the VCP to backstab CCP in the future.  This is why China does not invest in Vietnam.  You have posted numerous FDI charts, so how did you miss this critical information?  As soon as the VCP makes some money, the first thing they buy are Russian made weapons.


China does invest in Vietnam. How have you missed that?

Your bias has clearly blinded and distorted what you see.



You should let your ego go in order to see rational decisions and see what would result in the best outcome. The most optimal move for Vietnam here is to use China as its operational partner. This will allow Vietnam to drill and profit while spreading the risk to their Chinese partner. Right now they spent all that initial investment with the Russian partner and all for nought. You are day dreaming if you think the Russian government would allow its company to proceed with the project.
I'm a fobulous fob


Offline RedWine

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Vietnam has big trade deficit with China. So scared.

Vietnam needs to work on that. They do however have an overall trade surplus, all countries combined.
I'm a fobulous fob


Offline Rude Boy

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What an idiot this RedWine guy is. The Chinese are playing the long term game - turning a disputed zone into "cooperation" zone. People knows China real end game is to take over the SCS but this RedWine is completely oblivious to that. Vietnam should not give China any leverage in VN's EEZ.

Offline Gāokējì

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  • http://vietrealm.com/index.php?topic=34117.msg9762
China's real end game is to possess the entire multiverse.  That's what it actually wants.  Your vision is no match for China's grand strategy.  You have already lost.

Offline Rude Boy

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China's real end game is to possess the entire multiverse.  That's what it actually wants.  Your vision is no match for China's grand strategy.  You have already lost.

Well if the moon has valuable resources i think China would have claimed part of it. Humans are not that far advance in terms of space technology yet. But i know that China has a long term 1000 years plan to dominate the whole galaxy.

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Germany changed 180 after a few major wars.  I think as the Chinese population ages and have fewer people, they will start to return to their peaceful ways and see the cost of war simply too high.  China basically peaked out in economic performance a few years ago and I don´t see China becoming any more powerful in the future.  Also, Hoa China boy is quite famous for his gradiose misinterpretations here on Vietrealm.  China does not invest in Vietnam that much, not even making up the top 3 considering how large the Chinese economy is at the moment. Chinese money is basically a government to government affair and does not really count as investment.  It goes straight into the VCP´s pockets.  Below is the latest data from Financial Times.  Even little Singapore invests more in Vietnam than China does.



Offline Rude Boy

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China does not invest in Vietnam that much, not even making up the top 3 considering how large the Chinese economy is at the moment. Chinese money is basically a government to government affair and does not really count as investment.  It goes straight into the VCP´s pockets.  Below is the latest data from Financial Times.  Even little Singapore invests more in Vietnam than China does.

There is no such thing as Chinese "investment". The Chinese "investors" are PLA / CCP members or affiliated with the communist government. I would never want Chinese "investors" to even be in the top 3 investors in Vietnam because that would mean a takeover of the nation.

Offline Gāokējì

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Well if the moon has valuable resources i think China would have claimed part of it. Humans are not that far advance in terms of space technology yet. But i know that China has a long term 1000 years plan to dominate the whole galaxy.

But why stop at the galaxy.  There are other universes out there and the whole thing must be conquered otherwise those universes might come out to get you if you are not careful.  So China's end goal is to dominate the entire multiverse.  The deadline is the expiration date of the universe.

 
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