NEA: China Approves Second Phase of Penglai 19-3 Development Plan
by Dow Jones Newswires
|Friday, January 11, 2013
BEIJING - China's National Energy Administration said Friday that it approved in December the second phase of an overall development plan for the Penglai 19-3 and Penglai 25-6 oil fields in northern Bohai Bay.
The Penglai 19-3 field, which is operated by ConocoPhillips' (COP) China unit and 51percent-owned by Cnooc Ltd. (CEO), was ordered by China's State Oceanic Administration to halt production in September 2011 after it spilled 3,345 barrels of oil and oil-based drilling mud into the ocean.
Copyright (c) 2012 Dow Jones & Company, Inc.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
More from this Author
Most Popular Articles