WORLD DEEPWATER SUMMIT & EXPO CHINA

The World Deepwater Summit&Expo China 2011 will be held on December 6-9th, Shanghai, China, reflecting the exciting growth that China is undergoing in the World Deepwater oil and gas industry. China's first deepwater oil rig launched in Shanghai. The CNOOC981, which cost $6 billion to develop, can drill in depths up to 12,000 meters--potentially the deepest oil well in history. This is a huge increase for China, which was previously limited to 500-meter-deep seas.