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Examples
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The spills occurred below two platforms jointly owned by U.S. energy giant Flood surge hampers oil cleanup on Yellowstone River China's coastal regulator, on Wednesday ordered ConocoPhillips to shut down operations at the platforms located at an oilfield known as Penglai 9-13.
News - latimes.com 2011
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HONG KONG—Cnooc Ltd. said Wednesday that its third-quarter revenue rose 23% on the back of higher oil prices, but the recent oil spill at its Penglai 19-3 field led to a production loss of as much as 40,000 barrels a day.
High Oil Prices Lift Cnooc Revenue 23% Chester Yung 2011
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The Penglai field, discovered in 1999, produced an average 56,000 barrels a day last year and is expected to reach 60,000 barrels a day this year, Conoco said.
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The two shallow-water platforms at the Penglai oil field, operating in 27 meters of water, produce a combined 17,000 barrels a day, Conoco said.
Business Briefs 2011
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The two shallow-water platforms at the Penglai oil field, operating in 90 feet of water, produce a combined 17,000 barrels a day, Conoco said.
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Cnooc's revenue rose 23% in the third quarter, but the recent oil spill at its Penglai 19-3 field led to a production loss of as much as 40,000 barrels a day.
What's News— 2011
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The Penglai 19-3 field can produce up to 160,000 barrels of crude oil a day.
China Criticizes Conoco Again Wayne Ma 2011
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Chief Financial Officer Zhong Hua said in a conference call that the company is confident of reaching this year's total oil and gas production target of between 331 million and 341 million barrels of oil equivalent, even though China's government ordered a production halt at the Penglai field in the northeastern Bohai Bay after the spill.
High Oil Prices Lift Cnooc Revenue 23% Chester Yung 2011
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The Penglai 19-3 oil field, where the spills started in June, is in Bohai Bay, on China's eastern coast.
China Criticizes Conoco Again Wayne Ma 2011
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Cnooc's total oil and gas output fell 9% to 80.9 million barrels of oil equivalent from 89.0 million, partly due to output losses following the shutdown of the Penglai 19-3 oil field as well as the natural decline of some producing fields.
High Oil Prices Lift Cnooc Revenue 23% Chester Yung 2011
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