CNOOC Building Deep-sea Drilling Rig

Tuesday, October 23, 2007
China will finish its first deep-sea drilling rig with a maximum working depth of three kilometers by 2011, a spokesman for China National Offshore Oil Corp. (CNOOC) said. The maximum drilling depth will reach 12 kilometers, which means it can operate in deep-water regions in the South China Sea, Southeast Asia, Gulf of Mexico and West Africa. The project, with a total investment of $599m, will be carried out by Shanghai Waigaoqiao Shipbuilding Co. under China State Shipbuilding Corporation. The spokesperson said China's biggest offshore oil company was planning to invest $2b to develop deep-sea oil equipment as it wanted to strengthen its exploration and development of deep-sea oil resources, which were a priority for major international oil companies. China's coastal waters include 200,000 square kilometers of water that is more than 300 meters deep. [Source: http://www.chinadaily.com]
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Transocean Swings to Loss on Falling Revenue

Transocean Ltd., one of the world's top offshore drilling companies, reported a first-quarter loss on Wednesday as oil exploration and production companies rent

ABS Expands in Offshore Markets with AIM Service

ABS Group has announced the release of a new offshore Asset Integrity Management (AIM) service focused on driving operational reliability, efficiency and profitability for asset owners and operators.

M-I SWACO Unveils Fluid, Cuttings Separator

M-I SWACO, a Schlumberger company, announced today the release of the SCREEN PULSE fluid and cuttings separator. Easily installed onto new or existing shale shakers,

Salvage

Accident Reported on Offshore Rig off Mexico

An accident on an offshore rig in the southern Gulf of Mexico has injured 10 people, local media reported on Tuesday, but state oil company Pemex had no immediate details on the incident,

Capsized Trawler Adrift Disappearing Act in South Africa

South Africa’s charity National Sea Rescue Institute (NSRI) was warning fishermen and other boaters in and around the Cape Peninsula and False Bay Coast to be

Giant Hanjin Boxship Catches Fire in Suez

Suez Canal Authority said it controlled a blaze in a British container ship passing the waterway Friday, leaving no human losses.   An ultra-large container

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2294 sec (4 req/sec)