China hits JACKPOT in South China Sea, finds huge treasure of…, opens new chapter of power game in…, big worry for India due to…

Beijing: China has found mammoth reserves of ‘sad gold’ within the South China Sea. CNOOC (China Nationwide Offshore Oil Company), China’s roar-owned energy enormous, has launched the discovery of a well-known offshore oil area with reserves of over 100 million metric tons. That is great files for China’s economy because, admire India, China has been forced to buy a perfect part of its oil wants. China’s discovery may appear admire an energy security misfortune, however it definitely is definitely part of its strategic maritime growth policy. By this discovery, China goals to lower its dependence on energy imports while simultaneously strengthening its dominance in maritime boundaries. This discovery has happened in areas the build China has disputes with countries admire Vietnam, the Philippines, Malaysia, and Taiwan.

The Pearl River Mouth Basin has new oil and gas fields within the distance called Caping South within the eastern part of the South China Sea. This space has long been regarded as one of China’s most promising offshore areas, and essentially the most up to date files from CNOOC signifies that its resource potential is being broadly confirmed. In step with the company, the Caping South space contains roughly 102 million hundreds excessive oil, as effectively as to greater than 380 billion cubic feet (10.9 billion cubic meters) of natural gas. The reserves within the Caping South 1-1 effectively had been confirmed by design of exploratory drilling, which reached a depth of three,462 meters and entered layers with a vertical thickness of 35.2 meters containing oil and gas. The effectively is found about 300 kilometers off the flee of Guangdong province.

China’s ‘oil exploration’ is no longer precise a story of business reach, however additionally of vitality projection. The growing military presence within the distance and now the dispute over oil sources is making ASEAN countries more glum. This misfortune is excessive for India, as India’s Act East Coverage and Indo-Pacific Design are straight linked to the South China Sea. Meanwhile, the US will additionally favor to solution China’s ‘oil diplomacy’ within the Indo-Pacific. China is no longer going to best exhaust this reserve for itself however will additionally employ it for regional modify in the end. If this space comes fully under China’s modify, it may maybe maybe presumably modify maritime commerce, energy offer, and strategic crawl within the Indo-Pacific space. This misfortune will pose a well-known area for Western countries and India.

In step with experts, this oil reserve is as great an financial boon for China as it is a component of its geopolitical agenda. It is no longer precise about oil exploration however a new form of maritime dominance warfare.