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Regulator denies seeking over US$15.6m from ConocoPhillips, CNOOC

CHINA'S maritime regulator said it has not finalized an evaluation of the Bohai Bay oil spill despite reports that it was seeking over 100 million yuan (US$15.6 million) in compensation from oil giants ConocoPhillips and CNOOC.

The State Oceanic Administration is tasked with investigating the June oil spill that has polluted the bay and estimating the clean-up cost and ecological damage.

The official remarks came after the Economic Information Daily reported today that the SOA was working on plans to seek over 100 million yuan (US$15.6 million) in compensation for the oil leaks in the Penglai 19-3 oil field.

"If the scope of the pollution continues to expand, the scale of the compensation could also grow," the newspaper quoted an unidentified source at the SOA as saying.

ConocoPhillips China, a unit of US oil major ConocoPhillips which operates the field, said last Friday that a total of 2,500 barrels of oil and mud has leaked from two of its platforms in the field so far.

The US company has a 49 percent stake in Penglai 19-3 while CNOOC, China's top offshore oil producer, holds the remainder. ConocoPhillips has been held accountable for the oil leaks because it is the field operator.



 

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