China's oceanic watchdog says ConocoPhillips can gradually resume operations in China's largest offshore oilfield. The Penglai 19-3 field, located off northeast China, was closed in September 2011 after two oil spills.

The State Oceanic Administration says conditions at the field have returned to normal after rectification measures. It's approved ConocoPhillips's new development plan and environmental impact assessment.

The oilfield's co-owner, China National Offshore Oil Corp, says it will assist ConocoPhillips in the resumption of production.

Go to Forum >>0 Comment(s)