conoco\s bohai bay wells begin to reopen
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Conoco's Bohai Bay wells begin to reopen

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Arab Today, arab today Conoco's Bohai Bay wells begin to reopen

Singapore - Arabstoday

ConocoPhillips, part owner of China's biggest offshore oilfield, started reopening wells to ease reservoir pressure after leaks caused the country's worst spill in more than a year. The US oil producer, which owns 49 per cent of the Penglai 19-3 field in Bohai Bay, has started discharging fluids at Platform B, the company's China unit said in a statement on its website yesterday. Leaks at platforms B and C, two of five at Penglai 19-3, have polluted 870 square kilometres of Bohai Bay since June. The spills prompted China's government to shut the entire field on September 2 and Penglai's co-owner CNOOC Ltd. to lower its full-year output estimate by as much as 9.3 per cent.

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