In Europe, development continues across a number of high-margin growth projects in the North Sea, including the Jasmine Field, Ekofisk South and Eldfisk II expansion projects. Portfolio optimization continued with the disposition of the Alba and Statfjord nonoperated fields.ConocoPhillips continues to build momentum across its unconventional and conventional exploration portfolio. In unconventional plays, several North American pilot programs are underway in liquids-rich opportunities that include Niobrara, Avalon, Wolfcamp and Duvernay. The company is also building and evaluating positions in additional areas of interest within North America. Internationally, the company began appraisal activities in Western Australia to evaluate the company’s large resource potential in the Canning Basin.
ConocoPhillips Reports Second-Quarter Earnings Of $2.3 Billion Or $1.80 Per Share
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