Offshore Magazine

ConocoPhillips, CNOOC settle Bohai Bay fishery claims

Social Tools

Share

Offshore staff

HOUSTON – ConocoPhillips and the China National Offshore Oil Co. have agreed with China’s Ministry of Agriculture to resolve issues around the incidents at Peng Lai 19-3 field in Bohai Bay.

A payment of $160 million will go as compensation to settle public and private claims of potentially affected fishermen and Bay communities from the summer 2011 spill.

ConocoPhillips also will designate a portion of its $16-million environmental fund to improve fishery resources.

01/25/2012

Most Recent Content

Rosneft appoints president

Rosneft (MICEX:ROSN) has appointed Igor Sechin as president.

Island Offshore extends FMC contracts for North Sea LWI

FMC Technologies Inc. (NYSE:FTI) has signed two five-year contracts with Island Offshore Management AS to supply light well intervention (LWI) services for Statoil in the North Sea.

Record bids for latest UK license round

Britain has received a record number of applications in its latest offshore licensing round.

Cooper assigns Tunisia well operations to AGR

Cooper Energy has contracted AGR for drilling services offshore Tunisia.

Statoil takes LWI rigs on long-term charters

Statoil (OSE:STL;NYSE:STO) has awarded contracts totaling $1.56 billion for three new “Category A” light well intervention (LWI) vessels, two to Island Offshore Management and one to Eide Marine Services.
Offshore Magazine