NEA: China Approves Second Phase of Penglai 19-3 Development Plan
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.
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.
Operates 12 Offshore Rigs
- ConocoPhillips Vows Financial Discipline As Aims To Boost Output (Nov 08)
- ConocoPhillips' Profit Beats Estimates, But Budget Cut 10% (Oct 26)
- Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate (Oct 06)
Company: CNOOC more info
- CNOOC 3Q Revenue Rises; Only Halfway To 2017 Spending Goal (Oct 25)
- CNOOC Completes Test Runs at Huizhou Refinery in Guangdong - Report (Oct 09)
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)