CNOOC, ConocoPhillips to Pay USD 266 mln for Penglai Oil Spill Damage (China)

CNOOC and ConocoPhillips Pay for Penglai 19-3 Oil Spill Damage (China)

CNOOC Limited stated today that according to the news of its parent company, China National Offshore Oil Corporation (CNOOC), the compensation for marine ecological damage caused by Penglai 19-3 oil spill accident in Bohai Bay was in significant progress with the great effort made by the State Oceanic Administration of People’s Republic of China (“SOA”).

ConocoPhillips China Inc. (COPC) and CNOOC will pay an aggregate amount of RMB 1.683 billion (266.7 million), among which COPC will contribute RMB 1.09 billion (172.7 million) to compensate for the marine ecological damage caused by the oil spill accident. In addition, CNOOC and COPC will each fund RMB 0.48 billion and RMB 0.113 billion to resume the social responsibility for Bohai environmental protection. According to SOA release, the above mentioned funds will be used for ecological and environmental protection in Bohai, reduction on oil pollutants discharge at entrance to Bohai, habitat restoration of damaged marine ecological environment, as well as monitoring and researching on oil spill impact on ecological environment. The Company said it would continue to support and assist COPC to deal with the subsequent issues.

Source: CNOOC Limited, April 27, 2012

Share this article

Follow Offshore Energy Today


<< Nov 2015 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Kurdistan-Iraq Oil & Gas Conference & Exhibition

Now in its 5th year, the largest and most senior gathering of Kurdistan-Iraq’s oil & gas industry is returning to Erbil, at the heart of the exploration capital of the world!…

read more >

6th Annual Prefabrication & Modular Construction China

6th Annual Prefabrication & Modular Construction China 2015 will take a holistic approach to focus on the entire cycle of modular construction…

read more >

8th Offshore Technology Asia 2015(OTA Myanmar)

This year’s high-profile event will bring together 450+ distinguished participants from global offshore industry including regulators, IOCs…

read more >

Deepwater India Congress 2015

This event with two-day conference is an extensive presentation on all aspects of India deepwater sector, including the regulation & policy…

read more >



For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.


QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.


Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.