ANL 34.10 Decreased By ▼ -0.15 (-0.44%)
ASC 13.65 Increased By ▲ 0.30 (2.25%)
ASL 23.40 Increased By ▲ 0.80 (3.54%)
AVN 85.60 Increased By ▲ 1.90 (2.27%)
BOP 7.70 No Change ▼ 0.00 (0%)
BYCO 9.44 Increased By ▲ 0.07 (0.75%)
DGKC 111.51 Increased By ▲ 1.31 (1.19%)
EPCL 48.99 Decreased By ▼ -1.90 (-3.73%)
FCCL 22.85 Increased By ▲ 0.09 (0.4%)
FFBL 25.47 Decreased By ▼ -0.23 (-0.89%)
FFL 15.33 Increased By ▲ 0.03 (0.2%)
HASCOL 8.94 Decreased By ▼ -0.06 (-0.67%)
HUBC 78.43 Decreased By ▼ -0.57 (-0.72%)
HUMNL 6.13 Increased By ▲ 0.29 (4.97%)
JSCL 19.14 Increased By ▲ 0.44 (2.35%)
KAPCO 40.50 Increased By ▲ 1.11 (2.82%)
KEL 3.72 Increased By ▲ 0.04 (1.09%)
LOTCHEM 14.20 Decreased By ▼ -0.15 (-1.05%)
MLCF 42.75 Increased By ▲ 0.45 (1.06%)
PAEL 30.90 Decreased By ▼ -0.17 (-0.55%)
PIBTL 9.52 Increased By ▲ 0.07 (0.74%)
POWER 8.61 Increased By ▲ 0.17 (2.01%)
PPL 82.50 Decreased By ▼ -0.80 (-0.96%)
PRL 23.09 Increased By ▲ 0.32 (1.41%)
PTC 9.00 Decreased By ▼ -0.20 (-2.17%)
SILK 1.38 Decreased By ▼ -0.02 (-1.43%)
SNGP 38.90 Increased By ▲ 0.31 (0.8%)
TRG 165.00 Increased By ▲ 1.78 (1.09%)
UNITY 35.80 Increased By ▲ 0.87 (2.49%)
WTL 1.53 Increased By ▲ 0.08 (5.52%)
BR100 4,846 Increased By ▲ 46.43 (0.97%)
BR30 24,817 Increased By ▲ 123.55 (0.5%)
KSE100 45,175 Increased By ▲ 231.06 (0.51%)
KSE30 18,470 Increased By ▲ 86.89 (0.47%)

Coronavirus
VERY HIGH
Pakistan Deaths
18,915
11824hr
Pakistan Cases
858,026
378524hr
Sindh
291,668
Punjab
317,972
Balochistan
23,324
Islamabad
77,974
KPK
123,842
Business & Finance

China's CNOOC hunts for three missing after Bohai blaze doused

  • CNOOC holds a 51% interest in the Penglai project, with the rest held by the Chinese subsidiary of US oil giant ConocoPhillips.
09 Apr 2021

BEIJING/SINGAPORE: China's offshore oil and gas major CNOOC Ltd has put out a fire at a production platform in Bohai Bay and is focusing its efforts on searching for three people who went missing, the firm said on Friday.

In a filing to the Hong Kong stock exchange, the company said Monday's fire at the V29 well of its V platform off China's northern coast was put out the following day.

The blaze broke out as CNOOC took emergency measures to contain "shallow gas" that overflowed during a drilling operation, the firm added, but with no oil spill so far.

"The company carried out an oil spill check, and placed oil booms around the platform," it said in the statement.

It evacuated 99 of the 102 staff but is still searching for the three missing, the company said.

CNOOC also estimated minimal production impact, of a loss of up to 600,000 barrels of output, representing 0.1% of annual production scheduled in 2021.

On Thursday, Chinese financial publication Caixin said the platform, part of the Penglai 19-3 oilfield in Bohai Bay, was affected after an oil spill during drilling of a new production well.

CNOOC holds a 51% interest in the Penglai project, with the rest held by the Chinese subsidiary of US oil giant ConocoPhillips.

The Penglai 19-3 oil cluster, about 235 km (146 miles) off the northern city of Tianjin, is China's largest offshore oil producing field, and is a typical high-pressure reservoir.

In 2011, cleanup efforts ran for several months after a severe oil spill in the same cluster, then operated by ConocoPhillips, polluted more than 6,000 square km of water in Bohai Bay.