Oil giants agree compensation for spills that hit Bohai Sea
Source: Xinhua/Shanghai Daily |
April 28, 2012, Saturday
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Print Edition
Print Edition
US energy giant ConocoPhillips is to pay 1.09 billion yuan (US$173 million) compensation for oil spills in north China's Bohai Bay last June, the State Oceanic Administration said yesterday.
The China National Offshore Oil Corp and the Chinese unit of ConocoPhillips will also pay 480 million yuan and 113 million yuan, respectively, for environmental protection efforts in the Bohai Bay, the administration said.
"The money will be spent, according to China's laws and rules, on the ecological construction in, and environmental protection of, the Bohai Sea, cleaning up petroleum pollutants in the sea, fixing damage to the marine ecological environment as well as monitoring and research on the impacts of oil spills to the ecosystem," the administration said.
However, it did not elaborate on how the spending will be arranged.
But according to an earlier news report, of the 1.09 billion yuan compensation fund, more than 3 million yuan will go to fishermen in Liaoning Province and another 3 million yuan each will go to fishermen in both Laoting County and Changli County, both in Hebei Province.
The oil spills in the Penglai 19-3 oilfield in Bohai Sea polluted over 6,200 square kilometers of water, an area about nine times the size of Singapore, and caused huge losses in the tourism and aquatic farming industries of Liaoning and Hebei provinces.
The Penglai 19-3 oilfield is one of China's largest offshore oilfields, with daily production of about 160,000 barrels. ConocoPhillips China operates the Penglai 19-3 oilfield, in which CNOOC, China's largest offshore oil producer, holds a 51 percent stake while ConocoPhillips holds 49 percent.
Early this month, CNOOC and ConocoPhillips agreed to pay more than 300 million yuan to compensate fishermen from Changli County and to restore the maritime environment, China National Radio reported.
In January, 29 fishermen in Laoting County sued the parent company of CNOOC Ltd for losses caused by the oil spill.
The fishermen initiated legal proceedings against the China unit of ConocoPhillips and CNOOC, and said their losses were caused by the spills in the Penglai 19-3 field, CNOOC said.
Their claims include damages of 234.6 million yuan, 7 million yuan spent on valuation fees to determine their losses and relevant litigation costs.
The State Oceanic Administration said last November that negligence by a ConocoPhillips subsidiary caused the oil spills in Bohai Bay
The China National Offshore Oil Corp and the Chinese unit of ConocoPhillips will also pay 480 million yuan and 113 million yuan, respectively, for environmental protection efforts in the Bohai Bay, the administration said.
"The money will be spent, according to China's laws and rules, on the ecological construction in, and environmental protection of, the Bohai Sea, cleaning up petroleum pollutants in the sea, fixing damage to the marine ecological environment as well as monitoring and research on the impacts of oil spills to the ecosystem," the administration said.
However, it did not elaborate on how the spending will be arranged.
But according to an earlier news report, of the 1.09 billion yuan compensation fund, more than 3 million yuan will go to fishermen in Liaoning Province and another 3 million yuan each will go to fishermen in both Laoting County and Changli County, both in Hebei Province.
The oil spills in the Penglai 19-3 oilfield in Bohai Sea polluted over 6,200 square kilometers of water, an area about nine times the size of Singapore, and caused huge losses in the tourism and aquatic farming industries of Liaoning and Hebei provinces.
The Penglai 19-3 oilfield is one of China's largest offshore oilfields, with daily production of about 160,000 barrels. ConocoPhillips China operates the Penglai 19-3 oilfield, in which CNOOC, China's largest offshore oil producer, holds a 51 percent stake while ConocoPhillips holds 49 percent.
Early this month, CNOOC and ConocoPhillips agreed to pay more than 300 million yuan to compensate fishermen from Changli County and to restore the maritime environment, China National Radio reported.
In January, 29 fishermen in Laoting County sued the parent company of CNOOC Ltd for losses caused by the oil spill.
The fishermen initiated legal proceedings against the China unit of ConocoPhillips and CNOOC, and said their losses were caused by the spills in the Penglai 19-3 field, CNOOC said.
Their claims include damages of 234.6 million yuan, 7 million yuan spent on valuation fees to determine their losses and relevant litigation costs.
The State Oceanic Administration said last November that negligence by a ConocoPhillips subsidiary caused the oil spills in Bohai Bay
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