Saturday, May 12, 2012

China's CNOOC starts deepwater drilling

China's CNOOC starts deepwater drilling

Beijing (UPI) May 10, 2012
China National Offshore Oil Corp. has started China's first deep-sea drilling project in the South China Sea amid heightened territorial tensions over the disputed area. The $839.9 million CNOOC 981 - the country's first domestically manufactured deepwater drilling rig - drilled its first well Wednesday. The well, Liwan 6-1-1, is 199 miles southeast of the Hong Kong Special Adm
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