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Caribbean-Latin America
Venezuela set to build first oil rig with China
2009-05-20
Venezuela is poised to begin building the first joint Venezuelan-Chinese oil drilling platform in June, according to Energy Minister Rafael Ramirez.
Do oil drilling platforms call for much in the way of fly ash?
"The oil drilling platform is at a very advanced stage in the (western) Orinoco Belt," Ramirez told the Panorama newspaper, from the northwestern city of Maracaibo, on Monday. "In June ... Venezuela will assemble the first oil rig with Venezuelan labor."

Run through a joint venture between Venezuelan Petroleum (PDVSA) with a 60 percent stake, and China National Petroleum Company (CNPC) with a 40 percent stake, the oil rig will maintain 24 active teams equipped with "the latest technology," Ramirez said.

There are currently 276 active oil rigs in Venezuela, 51 of which are owned by PDVSA and the rest are run by contractors. Seventeen others are undergoing maintenance and four are inactive due to cuts agreed with the Organization of the Petroleum Exporting Countries (OPEC), the newspaper said.
More of that coming as the 'contractors' with experience pull out and PDVSA becomes more and more just another part of Hugo's thugocracy ...
"We hope that in a few years, we can take assume control of all oil rigs in the country," Ramirez said.

The planned oil rig assembly is the second stage of a 2007 deal under which China agreed to build 13 high-tech oil-drilling platforms that can drill 8,000 feet (2,400 meters) deep. The third stage anticipates manufacturing and maintaining oil wells in Venezuela.

In 2007, PDVSA said it was investing 3.5 billion dollars in building and maintaining oil rigs through 2012.
Much of which is being side-tracked and stolen ...
During his last visit to Beijing in April, Venezuelan President Hugo Chavez discussed the possibility of constructing a refinery in the country, capable of processing 400,000 barrels at day. China buys 300,000 barrels of Venezuelan crude every day, and is eager for more from the Latin American country as part of its global quest for a diverse range of energy supplies.
Posted by:Steve White

#5  ION CHINA > seems INDIA has been warned to ensure the protection of CHIN LABORERS ala recent clashes wid LOCAL HINDIS/INDIANS.

ARTIC(S) MISQUOTE? > unless I've missed something, it appears BOTH THE CHIN-INDIAN WORKERS ARE VIOL CLASHING OVER JOBS NEITHER CAMP LIKES???

D *** NG IT, MORIARITY, THE INDIANS DON'T LIKE OR HATE THE LOCAL JOBS THE CHINESE HATE OR RESIST ACCEPTING!

Iff these LABOR CLASHES worsen, it may spoil the curry bwtn INDIA + CHINA.
Posted by: JosephMendiola   2009-05-20 22:56  

#4  They already build a lot of oil rigs for use in China and offshore areas like the South China Sea.

If this follows the pattern of other Chinese investments in Venezuela, they're going to be built mostly by Chinese labor onsite that _goes home to China_ to spend its money (if any) and doesn't buy much from the local economy. Or pay much to the local shakedown artists.
Posted by: Thing From Snowy Mountain   2009-05-20 12:27  

#3  CRAPCO China goes into oil rig construction. What could possibly go wrong?
Posted by: Grunter   2009-05-20 11:10  

#2  uh, what happened to the Monroe Doctrine?
Posted by: 746   2009-05-20 11:07  

#1  big whoop.
Posted by: GirlThursday   2009-05-20 08:08  

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