Risk Lurks In The Deep

BMI View: China will see its first deepwater semi-submersible, Ocean Oil 981, come online, marking a new milestone in the development of domestic high-spec capability in oil and gas equipment and services. With the state's championing of deepwater development as part of its energy strategy, opportunities abound for foreign companies in China's upstream and oil services segment as the country seeks to build up its domestic deepwater expertise. However, lax intellectual property (IP) protection and regulatory bias against foreign firms pose significant risks to companies looking to tap into China's offshore.

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