Thursday, August 18, 2011
Dow Jones Newswires
BEIJING
by Wayne Ma
ConocoPhillips China said Thursday that it has restarted production at 14 production and water-injection wells at its Penglai 19-3 oil field in Bohai Bay.
The company has received approval from China's State Oceanic Administration to resume production after the wells were shut on July 13 because of an oil spill, it said in a statement on its website.
"Flowing these wells reduces the overall pressure in the subsurface formation, which will assure that the seeps stop and the fault, which was previously activated, naturally seals," the company said.
ConocoPhillips expects to have the oil spill cleaned up by the end of August, it added.
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