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


<< Oct 2015 >>
28 29 30 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 31 1

PIRA’s Annual Retainer Client Seminar in New York

This one-of-a-kind gathering reviews PIRA’s short- and long-term outlook for crude oil and petroleum products, natural gas, electric power…

read more >

Oil and Gas Training

EI Oil and Gas Training offers a comprehensive programme of courses for the oil and gas industry, both as classroom training ranging…

read more >

KIOGE 2015

KIOGE is the major ‘Oil and Gas’ exhibition and conference event in Kazakhstan and the countries of the Caspian Region…

read more >

Equatorial Guinea Oil & Gas Conference & Exhibition

Fully endorsed by the Equatorial Guinea’s Ministry of Mines, Industry & Energy, this timely conference will showcase to both local…

read more >


Assistant Driller

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


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.



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.