ConocoPhillips faces Chinese damages claim

摘要

Singapore-China's State Oceanic Administration, in addition to ordering a complete shutdown of ConocoPhillips' Penglai 19-3 field in Bohai Bay, is also to make claims against the US company for damage to the marine environment due to an oil spill which occurred in June, joint venture partner CNOOC Limited said late September 4. In a statement to the Hong Kong stock exchange, CNOOC said the SOA had said on its website that its joint investigative team "had determined that the oil spill incident at PL19-3 oil field is clarified as an accident involving liabilities, as [ConocoPhillips] did not fulfill its duties as a reasonable and prudent operator."