The State Oceanic Administration (SOA) said the report that it would demand more than 100 million yuan ($15.6 million) in compensation for the oil spill accident at Penglai 19-3 field in Bohai Bay is unture, adding that the compensation amount is still undecided.

A report by a domestic paper said that SOA will demand compensation from CNOOC Ltd and ConocoPhillips, the co-ventured enterprise responsible for the spill, for damages to China's marine environment, fisheries, and beach tourism industry.

The SOA said the investigation and estimation for compensation is still underway and the result will be revealed to the public once it is decided.