Minor Penglai leak clean-up a success

June 5, 2012
CNOOC Ltd. (NYSE:CEO;SEHK:00883) is reporting that ConocoPhillips China Inc. has recovered the “small amount” of oil leaked at Penglai 19-3 oil field two days ago and that no oil sheen is visible at the site.

Offshore staff

HONG KONG –CNOOC Ltd. (NYSE:CEO;SEHK:00883) is reporting that ConocoPhillips China Inc. has recovered the “small amount” of oil leaked at Penglai 19-3 oil field two days ago and that no oil sheen is visible at the site.

A hose coupling parted and as much as 0.6 tons of oil (<10 bbl.) was released before automatic isolation valves closed the flow.

This is thesecond leak at Penglai.

6/5/2012