(2011-06-27) There is plenty of oil being produced along the undisputed coastal areas of the South China Sea -- Brunei, Malaysia and Vietnam are all net oil exporters while China also produces a chunk of its offshore oil from the South China Sea, said Kang Wu, an energy expert at the East-West Center in Honolulu.
"If they want further develop production and reduce the decline of aging oil fields, a move into deeper water for drilling has become important for every country involved," Wu said.
