Golez: Good lessons from truly independent Vietnam.
"Vietnam Makes Bold Move For Oil In South China Sea" A lesson to study to guide the Philippines on how oil exploration in Recto Bank which China claims even if the Bank is way within our Exclusive Economic Zone and so close to Palawan.
1. No joint development with China; Vietnam contracting oil drilling on its own: "Vietnam has allowed a drill ship in a contested part of the South China Sea, according to an industry consultant who spoke to the BBC.
The drillship, Deepsea Metro I, on contract to Talisman-Vietnam, a unit of Talisman Energy—which Spanish Repsol bought back in 2015—is drilling about 250 miles from the Vietnamese coast.
2. A bold Vietnam move: "The move is a bold one, because the block where Deepsea Metro I is drilling—called Block 136-03 by Vietnam and Wan-an Bei 21 by China—has already been leased to a company by Beijing – Hong Kong-based Brightoil, which has close ties to the Chinese government. Over the last three years, Hanoi denied Talisman-Vietnam a license to drill in the block in a bid to avoid antagonizing China, but it seems things have since changed.
3. Vietnam standing up to China: "The report about the start of drilling comes soon after last week, a senior Chinese military official cut short a visit to Vietnam. Fan Changlong, vice-chairman of China’s Central Military Commission, was visiting Vietnam for a “defense border meeting,” as China’s Xinhua agency reported at the time, but left early because of “working arrangements.” https://t.co/O50e23hsOF