Aarkstore - ConocoPhillips Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014
ConocoPhillips is an independent upstream oil and gas company. The company explores for, develops and produces oil and natural gas from its assets. It has assets in North America, Europe, Asia and Australia. ConocoPhillips classifies its business operations into six operating segments, namely, Alaska, Lower 48 and Latin America, Canada, Europe, Asia Pacific and Middle East, and Others. In Alaska segment, the company has activities in Greater Prudhoe Area, Greater Kuparuk Area, Western North Slope and Cook Inlet Area. In Lower 48 and Latin America segment, it operates in the Gulf Coast, Mid-Continent, Rockies and San Juan regions. Under the Canada segment, it operates in western Canada, Surmont, Foster Creek and Christina Lake regions. Its European assets are in the UK and Norway. Under Asia Pacific and Middle East segment, the company carries out exploration and production in Australia and Timor Sea, China, Indonesia, Malaysia, Brunei and Qatar. The company operates its assets in Angola, Senegal, Azerbaijan, Libya and Russia under its Others segment. ConocoPhillips is headquartered in Houston, the US. The company focuses on optimizing its production and growth by selling less profitable and high risk overseas assets. To focus on low-cost and lower-risk legacy shale and oil sand assets in North America, Europe, Asia and Australia, the company completed a transaction with Oando Energy Resources, a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price of US$1.5 billion.
ConocoPhillips Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational data, analysis and...