PH Multi-Billion Oil and Gas Deposit China Wants to Control
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- Опубликовано: 12 сен 2024
- PH Oil and Gas Deposit in West Philippine Sea | China Wants to Control
#southchinaseadispute #westphilippinesea #oilandgas
The U.S. Energy Information Agency estimates that the South China Sea holds about 190 trillion cubic feet of natural gas, and 11 billion barrels of oil, in proved and probable reserves. Most of which lie along the margins of the South China Sea, rather than under disputed islets and reefs.
While the U.S. Geological Survey in 2012, estimated that there could be another 160 trillion cubic feet of natural gas, and 12 billion barrels of oil undiscovered in the South China Sea. Beijing’s estimates for hydrocarbon resources under the sea are considerably higher but still modest in relation to China’s overall demand- where the country’s oil consumption in 2018 is expected to top 12.8 million barrels per day.
This year, the Washington-based Asia Maritime Transparency Initiative reported that several countries are pursuing new oil and gas development projects in those contested waters, which, the organization notes, could become a flashpoint in the disputes.
Between 2018 and 2021, there were numerous standoffs between China, Vietnam, the Philippines, and other Southeast Asian countries over drilling operations in disputed areas of the South China Sea, and fears are building that even more severe confrontations lie ahead.
Fresh conflicts in the South China Sea may arise as claimants - excluding the Philippines - push ahead with oil and gas projects in areas Beijing claims, according to a new report. Data from the US-based Asia Maritime Transparency Initiative, detailed claimants’ new offshore projects, many of which lie inside China's sweeping nine-dash line claim, including sites where confrontations previously took place.
According to Think Tank, With the China Coast Guard increasing the frequency of patrols across disputed waters, the prospect of confrontation between Chinese law enforcement and oil and gas operators at many of these locations is high. China, Vietnam, Malaysia, and Indonesia have moved forward with their energy exploration and development projects, while the Philippines continues to suspend all such ventures in contested waters - a policy adopted in 2014.
According to the report, Manila is the only claimant not developing hydrocarbon resources on the portions of its continental shelf covered by China’s nine-dash line. Manila briefly permitted exploration at Reed Bank last spring, but quickly shut it down amid challenges from the China Coast Guard.
The Philippines has a reasonable expectation that China will more forcefully block new work in the Reed Bank than it does elsewhere in the South China Sea.
Without access to more promising prospects, Philippine operators have turned to redeveloping the Cadlao oil field, an old concession that sits outside of China’s nine-dash line claim, and that last produced oil in the early 1990s. It noted, that Cadlao currently has an estimated five million barrels in reserves - much smaller than Reed Bank’s estimated five billion barrels of oil and 55 trillion cubic feet of gas.
The Recto Bank (also known as the Reed Bank), is the major gas exploration prospect that is being placed in the middle of a menacing diplomatic strife in the West Philippine Sea.
Recto Bank, a significant feature for the Philippines holding immense potential for the country’s energy security and economic growth, stands as a focal point in this rising concern over China’s recent behavior. China has been critical of the Philippines’ growing security ties with the US, calling the United States a threat to regional peace after the Marcos government gave it increased access to military bases under their 2014 Enhanced Defense Cooperation Agreement.
The Department of Energy has conveyed to Congress that President Ferdinand Marcos Jr. has given the go-signal to oil and gas exploration and drilling activities in the country, including at the disputed waters of the West Philippine Sea. The Recto Bank, which is covered by Service Contract 72 previously issued by the Department of Energy, is the major gas exploration prospect that is being placed in the middle of a menacing diplomatic strife in the West Philippine Sea.
The Philippines has been lagging behind Southeast Asian peers when it comes to extracting indigenous oil and gas resources - as neighboring countries like Indonesia, Malaysia, Thailand, and Vietnam have been successful in transforming their state-owned oil companies as petroleum powerhouse, not just in the region, but also on the broader global sphere.
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Tuso ang gusto na umaangkin dito na hindi naman sa kanila, nakakahiya Po sila.
Lord God Jesus christ protect the Philippines 🇵🇭 mabuhay Philippines 🇵🇭
Bravo to PBBM for the oil exploration and drilling of our own oil and gas in the Reed bank GODBLESS you po
Drawing lng ni bbm.. hoy gising...
China is dreaming bout they not owned !!! No way it is the EEZ of Philippines and has all the rights to explore..
Even PH breached its rule of UNCLOS's EEZ limits of 200 nautical miles in SCS sea. Case example is Thitu islands(spratly) is located 270 nautical miles outside EEZ of UNCLOS 1982). Funny right.
Why PH gets foreign powers to meddle in ASEAN's affairs of SCS sea ? Who is trouble maker ?
@@chuageokseng2168Thitu Island can be seen on the oldest map of the Philippines from the 18th century. EEZ is a different story.
@@chuageokseng2168 but its far beyond china's eez compared to philipppines much closer than you think.
You are a big dreamer yourself. Now how can Manila make the rights to explore the seabed become a reality?
BraVo. Bravo. PBBM. Oil. N. Gaas. Para. Sa. Bansang. Pilipinas. Wag. Agawin. Ng. Intsik. At hnd nmn. Sa. Kanila. Ito.
Hukayin na ninyo kase huwag plano lang nako mahina unahan pa tayo💪💪💪🇵🇭🙏
THE PHILIPPINES SHOULD START DRILLING ON THE REED BANK I CANNOT UNDERSTAND WHY THE PHILIPPINES IS AFRAID OF CHINA WHEN THE REED BANK IS VERY CLOSE TO THE PHILIPPINE TERRITORY.
We are not afraid, we are only securing bwcause we knew their greedy tactics and plans. To be ambitious of being most powerful is their own treacheous ambitions.
We don't want a very greedy and liers.🤪🤪🤪👎💯👍🇵🇭
@@duainejazel2343WHAT'S THE POINT OF NOT DRILLING IN REED BANK ITS OUR OIL LOCATED IN OUR EEZ.
@@assanchez7683ang sagut Dyan ay ganito...wlang kakayahan ang pilipinas na mag drill dyan kaya dapat kumuwa tayu ng kuntratestang Taga labas kaya lng ganito ang problema Hindi cla gustong mag drill kung my treat galing china kaya ganyan ang mangyayare ngayun sa tanung mo at kulang ang kakayahan ang navy natin at air force na ipag tangul ang atin karagatan..
nonono my freind ph isnt afraid on china
ph just wana peaceful life for its people but if war happen ph wont stand down it will fight it end haha
ph been in war for long time and it never back down even on a larger country like the spain / japanese and america war happed in the philippines
@@piplion9264 DON'T YOU REALIZE THAT WE ARE BEING LEFT BEHIND BY OUR ASIAN NEIGHBORS IN TERMS OF ECONOMIC AND OTHER ITEMS.
Not only gas and oil wants to control by china ,the whole area of the sea want to control,because the trade passage of the vessel and aircraft of the world.
US and allies should be there while the Philippines are drilling the oil for security reasons.
Hingi uli ng help sa Indonesia 😅😅😅
God 🙏🙏 forever bless u #PBBM.❤❤MABUHAY ANG BAGONG PILIPINAS ❤❤ FILIPINOS WORLD PHILIPPINES ❤❤❤❤❤❤❤❤❤
So let's start support our pbbm for start exploration and drilling our own oil and gas on our own sea..
PHILIPINOS ARE GOOD HEARTED PEOPLE TO SERVE AND HELP REFUGEES NOT ONLY
DEPENDS ON THEIR NATURAL RESOURCES BUT REALLY SKILLFUL TO SERVE NATIONS WORLD WIDE,, NO MATTERS KIND OF JOBS WHICH THEY CAN ATTEND TO SURVIVE..
That's why!!! We knew it😊
It's all about gas and oil, period.Nobody is going to fight over a reef if it's just a piece of rock.
필리핀이 핵포탄을 가지면 중공을 견제할수 있을건데
@@진형김-b5t i think they'll build a nuclear power plant first, the president said
Paspasan nang hukay at higopin kaagad e transfer sa safe depots para sa pag process at convenient discharge for use and export.
My view on this. China is already siphoning gas and oil in wps. They laid a submarine pipe from the gas site to Hainan. The fuel is pumped with the use of submersible pump. Along the way of the pipes, they installed series of pump to push the fuel to Hainan storage facility. China released a news that they are now harvesting fuel from Hainan.
Give our trust to our Pres. He knows more what is best for filipinos.
Huwag pabayaan ating biyaya drill our resources. God bless PBBM🙏🙏
At para hinde naman tyo masyado binuboli nitong mga inchik nato atsaka atin talagayan dapat ipaglaban ito ng lahat na pilipino
It's better to partner with Japan & the Philippines for oil exploration at WPS.🤗✌️♥️🇵🇭🇯🇵
Sitting n mountain of Gold" -heard it b4..IRM said it..&somwrelse..
That’s Philippines’ 🇵🇭
Mabuhay and God bless PBBM at ang Bagong Pilipinas.
Let us protect our oil and gas deposits in SCS. The ASEAN countries must collaborate to deter china's aggression in SCS. Let us learn the strategy made by Indonesia and Malaysia to develop their oil and gas resources.
Ano na, ipasipsip na yang kayamanan na yan ng mabawasan na ang pag hirirap ng mga pilipino.. kelan pa kayo kikilos, pag nakuha pa ng iba? Wag nyo na sanang antayin na pasukin na naman ng politika ang project na yan, mag invest na sa exploration all over the country, pati wesp ph sea, para umangat angat naman ang buhay natin..
WE SHOULD NOT BE AFRAID OF WAR IF WE WANTED TO LIVE IN PEACE.
DON'T EVER SURRENDER THE PHILIPPINES SOVEREIGN MARITIME EXCLUSIVE ECONOMIC ZONE. IT'S THE PHILIPPINES TERRITORY NOT CHINA. CHINA DON'T RESPECT INTERNATIONAL LAW.
Focus muna kayo sa security sa west Philippines Sea at simulan nyo na ang sa mindanao para may silbe ay nakuh
Why not let the US be a partner of the Philippines in gas exploration inside the ezz of our country?
Enough of Chinese intimidation. These bullies think they can get what they want through force and intimidation.
Negotiations may win the Philippines some concessions. By going heads-on, she'll get nothing in return.
Our rights in the WPS are "non negotiable" especially with a country who's government(CCP)can't be trusted.
stop talking about china please show gdp growth for each asean country as you did before
How many other nations are claiming that same "oil and gas deposit " in that "disputed area"?
Manila should stop spending money to challenge the CCG and begin drilling for oil and gas inside the treaty boundary of th Philippines, where the CCG cannot enforce it's maritime law.
Dapat kunin muna ang oil ang gas sa mindanao at sa cebu pra tumibay ang ating economy at makabili tayo nang mga armas pra sa ating depensa.
Its all talk , the question is when is the exploration of these oil n gas reserves of the Philippines going to start exploration ....disregard China's objection because thi area is clearly w/in Philippine EEZ..all our neighboring countries have oil explorations, why is the Philippines lagging behind
Does all the drilling and digging affect the coral reefs?
Yes😢
@@matthewparsons3326 all that talk about protecting the coral reef is just a lie.
Only. Philippine. AmeriCa. Ang. Mag joint sa paghukay ng. Oil n. Gaas. Sa. WPS. Mahal. Na. pBBm. Ipabutas. Mna. Po. Ang. Oil sa. Spratly. Island
Dpat maglgay ng gamot sa pang EDCA site.mismo malapit sa mischief reef
GOD HAS GRANTED OUR COUNTRY WITH OIL AND GAS. LET NO ONE STEAL WHAT GOD HAS GIFTED THE PHILIPPINES, OUR BELOVED COUNTRY. THANK YOU FATHER THAT YOU HEARD US. WE KNEW THAT YOU ALWAYS HEAR YOUR FAITHFUL PEOPLE WHO ALWAYS CALL ON YOUR PRESENCE.🙏🙏🙏🙏🙏🙏🙏🙏🙏💙💙💙💙💙💙💙💙💙💜💜💜💜💜💜💜💜💜
Pinss pbbm, must act fast, drill oil @ WPS designated area nevermind intimidating bully China... Pinàs must focus on initiateing of extracting resources from WPS where international law allows.
ASAP ,drilling the economy progrssive, don't delay every seconds is gold the Phil, become richest country,
Buksan na para May supply tayo ng Langis
Wala na oil nakuha na ng china..matagal na naglagay na sila ng pipe😅😅😅😅
the phillipines should first secure and control the peace and order situations in the country and it's soveriegnty on the sea and also with the conflicts on all other country to have exploration,.. most especially the gas and oil on the conflicts regions with other country mostly with china...then first explore and extract the one in the land base oil and gas reserve..then continue to the reserves on the territorial sea on this scheme we have stable our ground and have more strength and power to go beyond our territorial water exploration without any hesitation and what so ever..
DRILL THE OIL NOW
Wishfull thinking on Chinas part.
Woow!!
Philippines nation also control by China. Chinese coming in the Philippines block not allowed. Pilipino going build build businesses.
no way for your control China Phlippine will do it by the guard of USA and other nation...
Ang lahat ng yan ay bigay ng nasa taas.at ang bigay ng nasa taas da plipilinas ay wala mamamakuha nanonud lang sya pero pag ang dios ama ang kumilos sng kabutihan ang mananalo at di nila makakaya
This is the outcome of those who vlogging about the Philippines rich in oil and minerals.
Unahin ang cebu at cadlao gas driling
Kunin n Kasi yanpkuha n sa us at japan htihti n png
Jan -7-1952...
China created those imaginary lines because of their greediness. They surely know the fact that not all the South China Sea belong to them. Because some part of that sea (in Vietnam they called it Champa Sea) and the other side of it (in Philippines they called it West Philippines Sea) belong to other country. When Japanese Forces gave the name "South China Sea", they are referring to the location where they are but it is NOT in their mind that the entire sea belong to China. But if Japanese forces set up their naval forces in the sea of the Philippines they will surely call it WEST PHILIPPINES SEA. If that happened then the sea reaching China is also part of WEST PHILIPPINES SEA 🤣.
WEST PHILIPPINES SEA NOT SOUTH CHINA SEA SORRY THAT CHINA SEA INFRONT CHINA COUNTRY OK THAT'S THE REALITY>>>
China out wps wps
the oils belongs to China?
Sorry china only dreaming
Kht sn balita lagi south china sea..lagi binanabanggit.cgro bayar an mga lht ng balita wps lht banggitin nyu ano b kau
Kailan p gagawin yan