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ConocoPhillips Announces Production Startup And First Gas From The Jasmine Field

ConocoPhillips (NYSE: COP) today announced first gas production from the Jasmine field in the United Kingdom, Central North Sea on Nov. 19.

“The startup of Jasmine represents another important milestone for ConocoPhillips and builds upon the recent successful startup of Ekofisk South in Norway and the Christina Lake Phase E oil sands project in Canada,” said Matt Fox, executive vice president, Exploration and Production. “Jasmine is one of several major growth projects that will contribute to ConocoPhillips’ 3 to 5 percent production growth rate through 2017.”

Jasmine was discovered in 2006 by ConocoPhillips as Operator (36.5%), together with its co-venturers Eni (33%) and BG Group (30.5%), and is one of the U.K.’s largest discoveries in the last 10 years. The Jasmine facility has the gross capacity to produce 140,000 barrels of oil equivalent per day (BOED). In 2014, ConocoPhillips expects net production to be approximately 40,000 BOED.

The triple-jacket Jasmine development comprises a 24-slot wellhead platform with a bridge-linked accommodation and utilities platform, a six-mile 16-inch multi-phase pipeline bundle and a riser and processing platform bridge-linked to the existing Judy platform. The field is a high pressure, high temperature gas-condensate reservoir, which is located in Blocks 30/6 and 30/07a of the Central North Sea, approximately six miles (nine kilometers) west of the Judy platform.

About ConocoPhillips

ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 29 countries, $55 billion in annualized revenue, $120 billion of total assets, and approximately 18,000 employees as of Sept. 30, 2013. Production from continuing operations averaged 1,511 MBOED for the nine months ended Sept. 30, 2013, and proved reserves were 8.6 billion BOE as of Dec. 31, 2012. For more information, go to www.conocophillips.com.

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