China may revise regulations concerning joint offshore oil exploration with foreign companies after several June oil spills at the Penglai 19-3 oil field, the local China Daily newspaper reported Monday, quoting an unnamed person familiar with the matter.
China
may
revise regulations concerning joint offshore oil exploration with foreign
companies after several June oil spills at the Penglai 19-3 oil field, the
local China Daily newspaper reported Monday, quoting an unnamed person familiar
with the matter.
The Penglai field in
Bohai
Bay
is
solely operated by ConocoPhillips China (COP) but jointly owned with Cnooc Ltd.
(CEO).
The
proposed revision would "nail down regulator responsibility, especially
for the MLR, the National Energy Administration, the General Administration of
Quality Supervision, Inspection and Quarantine, the Ministry of Environmental
Protection and the State Oceanic Administration," the person said.
More detailed penalties for environmental damage and violations of other rules
would also be addressed, the China Daily added.
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