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US firms in middle of Vietnam, China oil battle

Journal Article · · Energy Daily; (United States)
OSTI ID:7090097
U.S. oil companies Crestone Energy and Mobil are developing oil fields in the South China Sea and are in the middle of a dispute between China and Vietnam over ownership of two large fields. The two fields together contain an estimated 1.1 billion barrels of petroleum. Vietnam maintains they own both fields since they are located on the Vietnamese continental shelf, while China says they own them historically. Companies from Australia, Japan, and Indonesia are also involved in developing the two fields.
OSTI ID:
7090097
Journal Information:
Energy Daily; (United States), Journal Name: Energy Daily; (United States) Vol. 22:75; ISSN 0364-5274; ISSN ENDADJ
Country of Publication:
United States
Language:
English

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Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
ASIA
CHINA SEA
DEVELOPING COUNTRIES
GEOLOGIC DEPOSITS
HISTORICAL ASPECTS
INSTITUTIONAL FACTORS
LEGAL ASPECTS
MINERAL RESOURCES
OIL FIELDS
OWNERSHIP
PACIFIC OCEAN
PETROLEUM DEPOSITS
POLITICAL ASPECTS
RESOURCE DEVELOPMENT
RESOURCES
SEAS
SURFACE WATERS
VIET NAM