Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  CNOOC Ltd    0883   HK0883013259

CNOOC LTD (0883)

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Cnooc, ConocoPhillips Paid $266 Million Compensation After Penglai 19-3 Oil Spill

04/27/2012 | 06:37am US/Eastern

Cnooc Ltd. (CEO), China's largest offshore oil producer, and joint-venture partner ConocoPhillips (COP) paid a total of CNY1.683 billion (US$266 million) to compensate for losses related to last year's oil spill at the Penglai 19-3 field in Bohai Bay, Cnooc said Friday.

The Chinese unit of ConocoPhillips contributed the bulk of the funds, which amounted to CNY1.09 billion, to compensate for the damage to marine ecology.

Cnooc and ConocoPhillips also contributed CNY480 million and CNY113 million, respectively, as part of social and environmental responsibilities to Bohai Bay.

-By Wayne Ma, Dow Jones Newswires; +86 10 8400 7714; wayne.ma@dowjones.com

React to this article
Latest news on CNOOC LTD
02/03 CNOOC : two new projects commence production
02/03 China seeks food security with $43 billion bid for Syngenta
02/03 CNOOC : Green Dragon Gas Reports Operations Update And 2016 Outlook
02/03 GREEN DRAGON GAS : Operations Update and 2016 Outlook
02/03DJChina Bids For Industrial Might
02/03 HSI opens down 535 pts to 18,910; H-share -226 pts at 7,832
02/03 CNOOC : Jefferies raises CNOOC to HK$10.25
02/02DJChemChina Nears Deal to Buy Syngenta -- 6th Update
02/02DJChemChina Nears Deal to Buy Syngenta -- 5th Update
02/02 CNOOC : Flows First Oil from 2 Beibu Gulf Basin Projects in South China Sea
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials