India's ONGC to Continue Exploration in South China Sea Off Vietnam

[SinoChallenger]

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India's ONGC to Continue Exploration in South China Sea Off Vietnam

ONGC Videsh Ltd., the overseas investment arm of ONGC, has accepted Vietnam's proposal to stay invested in Block 128 as Hanoi has offered additional data that can help to make future exploration economically feasible and discovering hydrocarbons commercially viable, a senior executive with the company told Dow Jones Newswires Thursday.

The move is an about-turn, as India's junior oil minister R.P.N. Singh had said in parliament in May that ONGC Videsh had decided to return Block 128 to Vietnam as exploration there wasn't commercially viable.

A renewed push into the South China Sea will strengthen India's ties with Vietnam but will rile China, which has opposed India's presence in the region, claiming its own territorial rights over the potentially energy-rich sea.

"ONGC has just received a two-year renewal recently," said Phan Tien Vien, chief of exploration division for Vietnam's state-run Vietnam Oil & Gas Group, or PetroVietnam.

China claims sovereignty over much of the South China Sea, including areas close offshore some of its bordering states, putting it in conflict with Vietnam, the Philippines, Malaysia and Brunei.

Vietnam's offer to India comes after China National Offshore Oil Corp., or Cnooc, in June offered nine blocks in the South China Sea for joint exploration with foreign companies, including parts of Block 128, which Vietnam says is inside its 200-nautical-mile exclusive economic zone granted under the United Nations' Law of the Sea.

PetroVietnam has urged China to cancel bidding for the blocks, saying they are in Vietnamese waters, called on foreign firms not to participate and noted that ONGC, Gazprom OAO (GAZP.RS) and Exxon Mobil Corp. (XOM) have been operating in some of those areas for many years.

The Chinese government in 2011 warned ONGC that its exploration activities offshore were illegal and violated China's sovereignty.

It is not clear what, if any, impact the decision to renew ONGC's lease might have on a pact to cooperate with China's largest oil producer in securing oil and gas assets globally.

In June, ONGC signed a memorandum with China National Petroleum Corp. to jointly explore for assets in other countries and expand cooperation in refining and processing of crude oil and natural gas, marketing and distribution of petroleum products, and construction and operation of oil and gas pipelines.

India is also stepping up its energy relationship with Vietnam. Last year, ONGC signed a three-year pact with PetroVietnam for long-term cooperation in the oil and gas industry.


Good! Now we can take this opportunity to teach india a lesson again 50 years later. Spank two third world holes for the price of one.

PLA's advanced military power is ready to be unleashed on our enemies' navy first, army second and finally population centers

Spill their blood like it's 1962 and 1979!

[Shadow_Hunter]

Ok spill then, what are u waiting for sino?

[KRAIT]

News was interesting until the last few lines that brought down the quality of post. Get over it guys, stick to the news.

Indian reaction followed by Chinese reaction is worth waiting.

[Rajaraja Chola]

Gen Sino has got get ahead from warning ministry, but not from PLA !!
Alas, there are more rational mens at helm of PLA, than some loosers out here

[lightoftruth]

i can see sino riding on df-4 attached to subs in brahmaputra .

@topic its btw india and vietnam, china shudn't poke their nose here .

[dunhill]

I know China will not loves to see whatever India reacted in Viet Nam but who's cares for a looser anyway?

[Shinigami]

why do the chinese keep gloating over 1962? when the indian military was virtually non existant and the PLA did a surprise stab in the back. anyone could have won that war

[IBRIS]

You tried that around 1967, 1987 realising it wasn't 1962 it was a rude awakening for CPC clowns and there arm chair generals, returned back with bloody nose back to there mamma's.

PLA's advanced military power is ready to be unleashed on our enemies' navy first, army second and finally population centers

China doesn't have the balls to bring it to the Indian population, specially when the world is already out to make an example out of china again as they did to Hitler. Nukes are only going to end your long dynasty history makers.

Spill their blood like it's 1962 and 1979![/B][/COLOR]

Today's day and age in Rich china none of the rich are going to there kids to CPC and will have to draft peasants, Who won't have the moral to continue a brutal mountain war. So bring it if you can or STFU.

[scorpionx]

India's ONGC to Continue Exploration in South China Sea Off Vietnam

Good! Now we can take this opportunity to teach india a lesson again 50 years later. Spank two third world holes for the price of one.

PLA's advanced military power is ready to be unleashed on our enemies' navy first, army second and finally population centers

Spill their blood like it's 1962 and 1979![/B][/COLOR]

[KRAIT]

Another thread ruined by 1962.....

its 2012 guys, if we want to explore we will do, until then.......

[SinoChallenger]

Ok spill then, what are u waiting for sino?

We are toying with our prey to maximize the pain..... don't worry india's turn is coming up

DFA: China boats blocking PHL vessels from Panatag Shoal
BY MICHAELA DEL CALLAR July 18, 2012 9:31pm

China has blocked Philippine ships and fishing vessels from the lagoon of the disputed Panatag (Scarborough) Shoal in West Philippine Sea by setting up barriers to its entry point, a top Department of Foreign Affairs official said Wednesday.

In its boldest display of assertion to date over the area, China had placed barriers at the entrance of the lagoon of Bajo de Masinloc or Scarborough Shoal, DFA Undersecretary Erlinda Basilio said.

China has reneged on its commitment to remove the barriers and also to withdraw its vessels inside the shoal, which Philippines officials say is well within Manila’s territory.

“The Philippines forged an agreement with a neighboring country for the simultaneous pullout of all vessels inside the shoal, which we undertook in good faith last June 4,” Basilio said, referring to China.

China has agreed to remove the blockade, she said.

To this day, Basilio said “the neighboring country has not fulfilled its obligations under the agreement and has maintained its ships inside and outside the shoal, as well as its barrier, in its aim to establish effective control and jurisdiction in the shoal and surrounding waters.”

The Chinese blockades comprised of a long rope and fishing nets held by buoys from end to end.

GMA News Online contacted the Chinese embassy in Manila, but there was no response as of this posting.

Several Chinese dinghies were tied together and used to block the lagoon’s entrance, Philippine officials who requested not to be named as they were not allowed to speak to the media told GMA News Online.

Manila and Beijing have been locked in a tense standoff in the area since April 10. Last month, President Benigno Aquino III pulled out Philippine vessels in the face off with Chinese ships due to bad weather.

The impasse started when Chinese ships blocked the arrest of fishermen, who were caught poaching by Philippine authorities.

China and the Philippines and are both claiming ownership over Bajo de Masinloc.

Manila says the rich fishing ground falls within its 200-nautical mile exclusive economic zone under the United Nations Convention on the Law of the Sea (UNCLOS).

China, which claims almost the whole of the resource-rich West Philippine (South China) Sea, maintains Bajo de Masinloc is “an integral part of Chinese territory,” citing ancient maps to back its claim. — VS, GMA News

DFA: China boats blocking PHL vessels from Panatag Shoal

[ajtr]

We are toying with our prey to maximize the pain..... don't worry india's turn is coming up

haath kangan ko aarsi kya padhe likhe ko farsi kya?

(you are not expected to need a mirror for the ornaments in your forearm, you are expected to know farsi if you call yourself educated...)

[Don777]

Some chini people got deep freezed in Himalayan snow during 62 war, and wend for deep long sleep. They have awoken just now and keep talking about 62. The threas strater is one of them.

[zip]

China is like a buffalo ..how much muscle it may add it should not try to bite lions

[COLDHEARTED AVIATOR]

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Good! Now we can take this opportunity to teach india a lesson again 50 years later. Spank two third world holes for the price of one.

PLA's advanced military power is ready to be unleashed on our enemies' navy first, army second and finally population centers

Spill their blood like it's 1962 and 1979!

Whatelse?