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ConocoPhillips vows oil spill damages
Source: Xinhua |
December 22, 2011, Thursday
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Print Edition
Print Edition
UNITED States energy firm ConocoPhillips yesterday again promised to offer compensation for damages caused by oil spills at its two platforms off China's northeast coast, but the company refrained from offering more details.
The company is responsible for leaks near platforms B and C of the Penglai 19-3 oilfield in Bohai Bay and has established a fund to provide compensation to plaintiffs, President of ConocoPhillips Asia-Pacific Don E. Wallette Jr said.
The fund will be run by independent institutions and aims to offer "fair, expeditious and convenient" compensation to both public and individual claimants affected by the spills, he said.
However, the company did not disclose the scale or source of the fund, nor did it say how it will operate.
The oil spill has polluted more than 6,200 square kilometers of water in the bay since June, an area about nine times the size of Singapore.
ConocoPhillips had previously, too, promised to set up a compensation fund.
Earlier this month, more than 100 fishermen from Hebei Province filed a lawsuit against ConocoPhillips China, saying the oil spill killed many clams and sea cucumbers, and sought 490 million yuan (US$77.78 million) in damages.
The Penglai oilfield is one of China's largest offshore oilfields. ConocoPhillips China operates the Penglai 19-3 oilfield with its Chinese state-owned partner, China National Offshore Oil Corp.
The company is responsible for leaks near platforms B and C of the Penglai 19-3 oilfield in Bohai Bay and has established a fund to provide compensation to plaintiffs, President of ConocoPhillips Asia-Pacific Don E. Wallette Jr said.
The fund will be run by independent institutions and aims to offer "fair, expeditious and convenient" compensation to both public and individual claimants affected by the spills, he said.
However, the company did not disclose the scale or source of the fund, nor did it say how it will operate.
The oil spill has polluted more than 6,200 square kilometers of water in the bay since June, an area about nine times the size of Singapore.
ConocoPhillips had previously, too, promised to set up a compensation fund.
Earlier this month, more than 100 fishermen from Hebei Province filed a lawsuit against ConocoPhillips China, saying the oil spill killed many clams and sea cucumbers, and sought 490 million yuan (US$77.78 million) in damages.
The Penglai oilfield is one of China's largest offshore oilfields. ConocoPhillips China operates the Penglai 19-3 oilfield with its Chinese state-owned partner, China National Offshore Oil Corp.
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