BEIJING, April 27 U.S. oil firm ConocoPhillips
and its partner CNOOC have agreed to pay 1.683 billion
yuan ($266.89 million) in compensation for a series of oil
spills off the coast of northern China last year, China's State
Oceanic Administration said in a statement on Friday.
Leaks at the Penglai 19-3 oilfield in China's Bohai Bay
beginning last June polluted 6,200 square km of water before
they were finally sealed in late October.
Operator ConocoPhillips China was ordered to halt all
operations at the oilfield in early September after failing to
stop the leak, and CNOOC later estimated that output fell by
62,000 barrels per day as a result.
The statement said the U.S. firm's Chinese subsidiary, which
owns 49-percent of the well, would alone be liable to pay 1.09
billion yuan to compensate for damage done to the region's
marine ecology following the spill.
ConocoPhillips China will pay an additional 113 million yuan
to protect the environment of the Bohai Bay, while CNOOC will
pay 480 million yuan.