![A ship moves near the platform B in Penglai 19-3 oilfield at north China's Bohai Bay, in this file photo taken on July 15, 2011. [Xinhua]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vVJ61T1Es0hL33rOPRfP2uBpkA4q6aCYAQMaloFAQXf4ioq9bTeY2G8Y5EMepXv-unQqSzG7UYOSf0BbtxaNmMwihutZOvCpVY-mKtU92b3fioMkCcNsXIyBRdKbxmGOQ2osHTMQ-07-ctUey9o8sT3lC_Hfms=s0-d)
Cnooc, ConocoPhillips Agree On CNY345 Million Compensation For Chinese Fisherman -Report | Fox Business: "As the operator of the north China oil field, ConocoPhillips would provide the CNY1 billion to restore loss of fishing resources in the Bohai Bay area. Separately, ConocoPhllips together with Cnooc set up a CNY350 ecology fund to help restore and preserve fishing resources, from which Cnooc will be paying CNY250 million yuan while the rest is paid by the U.S. company.In two accidents in June last year, 3,343 barrels of oil and mud used in drilling leaked through the seafloor near platforms at the Penglai 19-3 oil, China's biggest offshore oil field, a project which is 51%-owned by Cnooc's listed unit Cnooc Ltd. (CEO) and 49% owned by the U.S. company."
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