Don't display this message again [x]

Dear User,

On March 28, 2015 OilCareers and Rigzone will be coming together to provide you with access to the world’s largest resource for Oil and Gas news, jobs and industry insights.

We have recently updated our Terms & Conditions to accommodate these changes. Please read them carefully. By using the Site, you agree to be bound by these terms and conditions. These Terms and Conditions are effective as of March 30, 2015.

Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

NEA: China Approves Second Phase of Penglai 19-3 Development Plan

change text size

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.

Although the second phase of the plan was already approved by the Chinese government in 2005, ConocoPhillips was required to submit a revised plan last November after the spills. The second phase for the Penglai fields consists of five well-head platforms, central processing facilities and a floating production storage and offloading (FSPO) vessel, it has said.

ConocoPhillip's production capacity was 150,000 barrels a day of crude from the Penglai 19-3 field before the oil spill.

ConocoPhillips and Cnooc didn't immediately reply to emails seeking comment. 

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Post a Comment 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.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Subcontracts Manager (Contract) - Subsea/Offshore Construction
Expertise: Construction Superintendent|Contracts Administration
Location: Houston, TX
 
Field Compression Engineer - Pipeline
Expertise: Field Development|Pipeline Engineering
Location: GENESEO, IL
 
Reservoir Engineer
Expertise: Reservoir Engineering
Location: Dallas, TX
 
search for more jobs