You are here

China’s largest oil field resumes production

18th February 2013

ConocoPhillips gets green light to resume operations at Penglai 19-3

China’s largest oil field resumes production
China's largest oil field, Penglai 19-3 is jointly owned by Houston-based ConocoPhillips' Chinese subsidiary and China National Offshore Oil Corp. (CNPC)

Beijing has cleared the Chinese subsidiary of US energy major ConocoPhillips to resume operations at an oil field off the coast of northeastern China after it was closed in 2011 following two oil spills, a regulator said over the weekend, the Shanghai Daily reported on Monday.

ConocoPhillips China Inc. owns the field which in 2011 spilled into the Bohai Sea and its bay.

The State Oceanic Administration said in a statement on Saturday that conditions at the Penglai 19-3 oil field had returned to normal after a series of rectification measures, and that ConocoPhillips could gradually resume production there.

China's largest oil field is jointly owned by Houston-based ConocoPhillips' Chinese subsidiary and China National Offshore Oil Corp. (CNPC), the country's top offshore oil and gas producer.