ConocoPhillips near to submitting report on impact of oil spill

BEIJING - ConocoPhillips China, the operator of the Penglai 19-3 oilfield in the Bohai Bay, said on Wednesday that it is finalizing a revised environmental-impact assessment and will soon submit it to the maritime authorities.

The Chinese unit of the Houston, Texas-based energy giant ConocoPhillips has already submitted the revised overall development plan of China's biggest offshore oilfield to the National Development and Reform Commission for approval.

In September, the State Oceanic Administration (SOA) halted operations at the oilfield after ConocoPhillips failed to seal the leaks, according to the agency. Production will not resume at least until the top authorities approve the two reports.