ConocoPhillips China
  • Who We Are

    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


  • Sustainable Development

    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


    Our Approach

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

  • In Communities

    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


    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

ConocoPhillips to Establish Second Bohai Bay Fund

September 18, 2011

HOUSTON - ConocoPhillips today announced that its Board of Directors approved the creation of a second fund and will work with co-venturer, China National Offshore Oil Corporation (CNOOC) or other appropriate parties to specifically address environmental issues in Bohai Bay, China. The company also reaffirmed its previous September 6, 2011 announcement to establish a separate fund to provide fair and reasonable compensation for any damages arising from the incidents at the Peng Lai 19-3 field in Bohai Bay. The company takes these actions in recognition of its obligations to the people and the government of China, and as part of its commitment to a long term relationship with them. ConocoPhillips will work cooperatively with the appropriate governmental authorities in regard to these funds.

The incidents in Bohai Bay occurred on June 4 and June 17 and resulted in a total release of approximately 700 barrels (115 cubic meters) of oil into Bohai Bay and approximately 2,500 barrels (400 cubic meters) of mineral oil-based drilling mud (MOBM) on the seafloor. The Platform B fault has been sealed and the Platform C well permanently plugged and abandoned.

The released oil has either been collected, evaporated, biodegraded or broken down to background levels by virtue of waves and currents. The company continues to survey and sample the seafloor immediately around Platform C and clean up any residual amounts of MOBM that are encountered. This work will continue until ConocoPhillips, CNOOC and Chinese authorities are satisfied that the clean up is complete.

The company is currently in the process of implementing plans to depressurize the reservoir and take additional precautionary measures to prevent these incidents from recurring. ConocoPhillips is also preparing a new marine Environmental Impact Assessment and updating the Overall Development Plan as part of a phased recovery program. These plans are being carried out under the supervision of CNOOC and Chinese authorities.

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Aftab Ahmed (media)
+1 (281) 293-4138



Clayton Reasor (investors)
+1 (212) 207-1996



This press release contains forward-looking statements. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that such expectation or belief will result or be achieved. The actual results of operations can and will be affected by a variety of risks and other matters including, but not limited to, changes in commodity prices and refining and marketing margins; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; difficulties in developing new products and manufacturing processes; unexpected cost increases or difficulties maintaining or improving company manufacturing or refining facilities; unexpected difficulties in manufacturing, transporting or refining crude oil; international monetary conditions; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; and general domestic and international economic and political conditions; as well as changes in tax, environmental and other laws applicable to our business. Other factors that could cause actual results to differ materially from those described in the forward-looking statements include other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission (SEC). Unless legally required, ConocoPhillips undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.