ConocoPhillips (COP) will gradually restart China's biggest offshore oilfield, Penglai 19-3,...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP) will gradually restart China's biggest offshore oilfield, Penglai 19-3, after receiving approval for a development plan and an analysis of its environmental effect. The 168K bpd field, in which ConocoPhillips owns 49% and CNOOC 51%, has been shut since September 2011 following an oil spill.