Offshore Oil Development versus Environmental Protection

Offshore petroleum development is an expensive and high-risk operation that applies advanced science and technology. The Bohai Bay oil spill has resulted in calls for changes in the relationship between China and the foreign oil companies that enable the search for resources. Amid the criticism heaped on ConocoPhillips Co. - the United States-based energy conglomerate whose operations spilled more than 700 barrels of oil into the waters of China＇s Bohai Bay in June, the nation＇s industrial experts are clamoring for a review of the policies for oil and gas exploration with foreign oil companies in China.