GreenChinaTech.com - Business Intelligence on Energy & Environmental Technology Innovation in China
  • Home
  • About Us
  • Contact Us
  • Subscribe
  • 中文


ConocoPhillips Reaches Agreement In China Over Bohai Bay Pollution

29 January 2012 by GreenChinaTech.com Editor

U.S.-based energy company ConocoPhillips announced a compensation deal in China to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay.

ConocoPhillips and the China National Offshore Oil Corporation reportedly reached an agreement with China's Ministry of Agriculture under which CNY1 billion will be paid as compensation to settle public and private claims of potentially affected fishermen in relevant Bohai Bay communities. ConocoPhillips says the agreement fulfills the objectives of the compensation fund announced in September 2011 by the company.

ConocoPhillips will also designate CNY100 million of the company’s previously announced environmental fund to be used to improve fishery resources.

ConocoPhillips China says it had two separate incidents in June 2011 in Bohai Bay, where approximately 115 cubic meters of oil were released into the sea and 400 cubic meters of mineral oil based drilling mud were released onto the seabed. ConocoPhillips says it sincerely regrets the incidents in Bohai Bay, and accepts its responsibilities.

On August 19, 2011, Georg Storaker, president of ConocoPhillips China, stated: "Any release of oil, no matter how small, is too great, and we will take all appropriate steps to contain and clean up these releases and prevent them from recurring."

Find more stories about: CNOOC, compensation, Energy & Cleantech, Environment, oil, petroleum, pollution





Related Posts

  • ConocoPhillips Rebounds From Pollution Punishments To Ink New PetroChina AgreementsConocoPhillips Rebounds From Pollution Punishments To Ink New PetroChina Agreements
  • Big Fracking Deal For Halliburton In ChinaBig Fracking Deal For Halliburton In China
  • ConocoPhillips Gains Chinese Permission For Post-Spill Oil ProductionConocoPhillips Gains Chinese Permission For Post-Spill Oil Production
  • Hong Kong Now Requires Ships To Use Cleaner FuelHong Kong Now Requires Ships To Use Cleaner Fuel
  • Beijing Power Plant Works With American Firm To Reduce EmissionsBeijing Power Plant Works With American Firm To Reduce Emissions
  • Beijing Government Applies IBM’s Cloud Computing To Solve Smog ProblemBeijing Government Applies IBM’s Cloud Computing To Solve Smog Problem
  • Hong Kong Government Prepares Subsidies For Cleaner Manufacturing ProjectsHong Kong Government Prepares Subsidies For Cleaner Manufacturing Projects
  • Pollution Inspections May Interrupt Orient Paper’s Activities In North ChinaPollution Inspections May Interrupt Orient Paper’s Activities In North China
  • SAIC Invests CNY6 Billion In R&D On New Energy VehiclesSAIC Invests CNY6 Billion In R&D On New Energy Vehicles
  • Emission Reduction Preparations Ready For Beijing OlympicsEmission Reduction Preparations Ready For Beijing Olympics






Logging In...

Profile cancel

Sign in with Twitter Sign in with Facebook
or

Not published




Get Our Email Newsletter

Email:



Upcoming Tech Events



Other China News


ChinaWirelessNews.com:

China's Mobile Phone Shipments Decrease 7.4%

Huawei Plans USA Splash In Early 2018

ZTE, JD Form Strategic Partnership For Marketing

Xiaomi To Build East China Headquarters In Nanjing


ChinaTechNews.com:

Metaari Reports Massive Surge in Global Edtech Investment in 2020

Eurasia Group Publishes Top Risks for 2021

Kortek announces settlement and patent license agreement with SDI Technologies Inc.

DHgate Selling Premium Wholesale Accessories Apart from Scooters


ChinaRetailNews.com:


Visit these other China sites: ChinaWirelessNews.com | ChinaTechNews.com | TechSecurityChina.com | China Sourcing News

©Copyright 2008-2021 GreenChinaTech.com. A service of Asia Media Network.   Contact Us | About Us | Terms & Conditions | Corrections and Disclosure | Privacy Policy Get the GreenChinaTech.com RSS/XML Feed