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India finds oil drilling off Vietnam a losing proposition

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:lol:
Even if OVL left out, two blocks 127, 128 would never be where China can come to oil drilling. You chinese should remember that.

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Vietnam knew it has no oil all along but yet still invited india in for a bit of fun LOL yes you are right vietnam is alot smarter than india

Oh, if it does not have oil, we will provide to OVL other blocks off the coast of Vietnam. There are many potential blocks.
 
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Vietnam knew it has no oil all along but yet still invited india in for a bit of fun LOL yes you are right vietnam is alot smarter than india
Wrong, when Viet Nam sell contract for foreign firms to explore oil in such a block, it does not mean there is no oil . Of course, such and such blocks will have lower probablility of finding oil than others but the chance of finding oil in such a block is can be very rewarding. That's why a lot of foreign companies have wasted their "spare change" in Viet Nam to explore for oil, some do find oil some don't.
 
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Oil or no oil, not important. The important thing is: India showed that she dare to challenge China in foreign affairs , and now, she can go home with her head held high :cheers:

Look mate i feel sorry for you guys when india back out but you shouldnt conned them into it in the first place man
 
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Look mate i feel sorry for you guys when india back out but you shouldnt conned them into it in the first place man
Hehe, I always say: ' China alone is very weak, all we need is just India's support in ammunition, medicine, not military support, we don't wanna China has some excute to attack India on land' .

Check on SCS(east sea) map and see Who is controlling the largest part first, dude.
rcrmj said:
its like the cheerleader been lured into the bedroom, but the guy said sorry no shagg tonight
and cheerleader showed that he has the gut to enter 'China's backyard' when China only dare to sit and watch :P

Luckily, God help China when the backyard suddently have Nothing to loot :lol:
 
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When those western oil companies declined vietnam offers to drill in those blocks they are giving a big clue to every one there is no oil in them but sadly india is not that smart to realise them
 
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I must also recognize that, for a long time we have no good news discovers new oil, since Oct 25, 2011 (?)

Exxon Makes Find off Vietnam's central coast

HOUSTON, Oct 25, 2011. Exxon Mobil Corp. said it found oil and gas off Vietnam’s central coast, raising hopes that the South Asian nation will be able to reverse a decline in fossil-fuel production and exports.

Exxon said it drilled its second exploratory well off the coast of Danang City in August and found hydrocarbons. A company spokesman said Tuesday that data from the well, located in an area known as Block 119, are being analyzed.

Exxon’s discovery is important for Vietnam, which is trying to boost its oil and gas production as the country’s aging fields fail to meet growing domestic demand. Vietnam, a net oil exporter and the third-largest oil producer in South Asia, started awarding exploration rights in 2004 to companies from the U.S., Canada and India.

For Exxon, the world’s largest publicly traded oil company by market value, the find is good news as limited access to new resources makes it difficult for major oil companies to increase production and replace reserves.

The discovery lies in the South China sea, where Vietnam has rich oil reserves. State-run PetroVietnam and international oil companies already produce at several major fields in the area.

Exxon Makes Find off Vietnam's central coast | AmCham Vietnam
 
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