ConocoPhillips China
  • Who We Are
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    Who We Are

    ConocoPhillips China, world’s largest independent E&P company, oil and gas exploration and production operations in China.

    Our Company

    ConocoPhillips China Inc. (COPC) is a wholly-owned subsidiary of ConocoPhillips undertaking oil and gas exploration and production operations in China. GO

    Our Vision In China

    Be the leading independent oil and gas supplier to the Chinese economy, delivering value to the people of China, local communities, investors, partners and employees through the application of our SPIRIT value. GO

    Business Ethics

    Business Ethics, Conduct & Policy. GO

    SPIRIT Values

    Our SPIRIT Values – Safety, People, Integrity, Responsibility, Innovation, Teamwork GO

    Clean Energy

    Secure and sustainable energy future of ConocoPhillips China. GO

    Our story in China

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  • Sustainable Development
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    Sustainable Development

    ConocoPhillips has proudly supported the sustainable development of China’s energy resources for more than 30 years.

    Our Commitment

    We are committed to delivering on our global commitment to economic growth, a healthy environment and vibrant communities across our operations in China. GO

    Commitment to the Bohai Sea

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    Our Approach

    ConocoPhillips promotes sustainable development by practicing five competencies: integration, stakeholder engagement, lifecycle management, knowledge management and innovation. GO

  • In Communities
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    In Communities

    ConocoPhillips China takes action for the good of the community.

    Education & Youth Development

    An important part of our business is the philanthropic work we undertake in our community, and education and youth programs are at the heart of it. GO

    Environment

    Our goal is to operate our businesses in a safe and environmentally friendly manner causing harm to no one, be they employees, contractors, customers, neighbors or communities. GO

    Disaster Relief

    ConocoPhillips China is ready to provide support to the communities that are badly impacted by natural disasters. We provided funds to Sichuan Wenchuan in 2008 and Qinghai Yushu in 2010 that were devastated by earthquakes. GO

    Health, Safety & Social Services

    Supporting organizations that connect citizens and families in need with basic human or social services to ensure their safety, health and well-being. GO

    Employee Volunteerism

    Embedded in the SPIRIT of ConocoPhillips' core values is a strong commitment to building a legacy of trust and enhancing the quality of life in the communities in which we live and operate. GO

    Bohai Environmental Sustainability Initiative

    ConocoPhillips is committed to supporting programs that enhance the marine environment and bring long-term benefit to China, with special focus on Bohai Bay and its communities. GO

China's Largest FPSO Goes into Production

May 26, 2009

BEIJING - ConocoPhillips China Inc (COPC), a subsidiary of ConocoPhillips [NYSE: COP] announced first production from Hai Yang Shi You 117-China's largest Floating, Production, Storage and Offloading (FPSO) vessel at the Penglai 19-3 Oilfield which is under joint development by COPC and CNOOC Ltd.

"This is a significant milestone for both ConocoPhillips and our co-venturer, CNOOC Ltd., towards the full production from this large oil field," said Georg Storaker, president of ConocoPhillips China. "This achievement demonstrates cooperation between CNOOC Ltd. and ConocoPhillips in developing energy resources offshore China."

Also called Bo Hai Peng Bo, the FPSO is among the largest of such vessels built anywhere in the world with its hull's dimension of 323m x 63m x 32.5m. The FPSO's design processing capacity is 190,000 barrels oil per day (BOPD) and design storage capacity is two million barrels (MM BBL).

Located in Block 11-05 in China's Bohai Bay, the Peng Lai 19-3 discovery was made in May 1999. Production from wellhead platform A of Phase I began in December 2002. Phase II of the Project is currently under development. This phase includes the installation of five additional drilling and production platforms, one central utilities platform and the Bo Hai Peng Bo FPSO. The FPSO is one of the major facilities in the overall development program for Phase II of the PL 19-3 and PL 25-6 oilfields.

In December 1994, COPC and CNOOC Ltd. signed a petroleum contract granting COPC the right to explore Block 11/05. COPC is the operator of the PL 19-3 oilfield and has 49 percent working interest while CNOOC Ltd. has 51 percent working interest.