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ConocoPhillips Reports Oil Leak In China's Bohai Bay

By: International Business Times
Posted: 6/4/2012 12:20:00 PM
Referenced Stocks: COP

Chinese oil company CNOOC Limited (Hong Kong: 0883) announced on Monday it received word that the local subsidiary of U.S. oil company ConocoPhillips ( COP ) is cleaning up a "small and contained" oil spill, on the site where a much larger spill occurred last year.

The spill was caused when a hose carrying oil decoupled from the ConocoPhillip's Penglai 19-3 oil facility. The company said 600 kilograms (about 1,200 pounds) of oil leaked into the Bohai Bay in North China, said CNOOC, which is co-developing the oil field with the U.S., company.

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