Conoco Says reaches China Spill Compensation Deal

By: ap
By: ap

BEIJING (AP) -- Conoco Phillips says that it and China National
Offshore Oil Corp. have reached a $160 million agreement to settle
compensation claims from oil spills off northeastern China.

The Houston-based company said in a statement Wednesday that the
two reached an agreement with China's Ministry of Agriculture over
the oil spills last June in the Bohai Sea.

The spills were considered small, especially compared with the
Gulf of Mexico spills in 2010, but Conoco as operator of the Bohai
field still came under intense media criticism in China.

Conoco said the money would be used to settle public and private
claims of potentially affected fishermen in relevant Bohai Bay

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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