The new discovery well is estimated to contain between 50 and 190 million barrels of recoverable oil equivalent. Further appraisal is scheduled to be conducted in order to determine potential flow rates, the reservoir’s ultimate resource recovery and plans for development.

Die Unternehmen Grundfos, Conoco Phillips und Eurochem haben wichtige Änderungen im Management mitgeteilt. PROCESS fasst die Weichenstellungen aus den Führungsetagen für Sie zusammen.

The previously announced Montney acquisition by Conoco Phillips has now been completed by the company. With this, the firm now has 295,000 net acres in the Montney with 100 per cent working interest.

Conoco Phillips has acquired 140,000 net acres in the liquids-rich Montney acreage from Kelt Exploration. With this deal, the company will add over 1 billion barrels of oil equivalent of high-value resource and over 1,000 high-quality well locations to its existing acreage in the region.

In den vergangenen Tagen haben zahlreiche Unternehmen ihre Führungsebenen neu geordnet. Neben BASF, Flender, Sanofi, Pfizer, Conoco Phillips und der Dechema hat auch KBR neue Mitglieder in das Management berufen. PROCESS hat die Personalentscheidungen für Sie zusammengefasst.

Conoco Phillips will be selling its Australia-West business with operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon to Santos. The company will also receive 75 million dollars once the final investment decision has been taken regarding the Barossa development project.

The subsidiaries which indirectly hold Conoco Phillips’ exploration and production assets in the U.K. are being sold to Chrysaor E&P. Conoco Phillips also aims to retain its London-based commercial trading business and its 40.25 % interest in and operatorship of the Teesside oil terminal.

The order has been given by the international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes.

Matt Fox has been named as Executive Vice President and Chief Operating Officer whereas Don Wallette has been selected as Executive Vice President and Chief Financial Officer of Conoco Phillips.

Under the International Chamber of Commerce judgement, Pdvsa has agreed to make initial payments of 500 million dollars within 90 days. The pending amount is expected to be paid on a quarterly basis in the next 4.5 years.