ConocoPhillips struggling with China oil spill

[Omaha Steve]

Source: AP-Excite

By ELAINE KURTENBACH

SHANGHAI (AP) - The oil spills from offshore wells operated by ConocoPhillips (COP) in China's Bohai Bay are posing political and technical challenges for the oil company far messier than the crude and drilling mud seeping from the seabed.

The company said Monday that it had suspended all drilling, water injection and production at the affected Penglai 19-3 oil field, one of China's biggest.

Operations are currently stopped at 180 producing wells and 51 injecting wells, for a total of 231 wells, said a statement by Houston, Texas-based ConocoPhillips, which operates the field in a venture with state-owned China National Offshore Oil Corp.

CNOOC, which owns 51 percent of the venture, said the suspension of production in Penglai 19-3 would reduce output by 40,000 barrels a day, in addition to the 22,000 barrels a day lost with the shutdown of the two wells where the spills occurred.

Read more: http://apnews.excite.com/article/20110905/D9PIA63G0.html

[benld74]

1. Kinda sound familiar after reading the story dont it,,,,

Wonder how China will deal with the company,,,,,,

[James48]

2. In China, they'll expect a senior leader to be executed.

Wonder who it will be. Some Conoco_Phillips Chinese Senior official, most likely.

When the tainted milk scandal hit a couple years ago, they executed 2 people, and jailed 21 more.

http://www.timesonline.co.uk/tol/news/world/asia/article6929374.ece

I wish we were as serious about U.S. Oil Industry execs "for the crime of endangering public safety”.

[aquart]

3. The idea of executing an oil executive makes me all tingly.

And for some reason the ad line "Bet you can't eat just one" popped into my head.

[Nihil]

4. .

:spank:


... but thanks for making me laugh at yet another crappy chunk of news!
:toast: