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ConocoPhillips Australia awards Barossa project contract to Allseas Marine [Reuters]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Reuters
ConocoPhillips Australia awards Barossa project contract to Allseas Marine Sept 26 (Reuters) - The Australian unit of ConocoPhillips , the world’s largest independent oil and gas producer, said on Thursday it awarded a major contract for its Barossa gas export pipeline project to Allseas Marine Contractors Australia Pty Ltd. The project in northern Australia is in the front-end engineering design phase, it said in a statement, without giving any financial details of the engineering, procurement, construction and installation (EPCI) contract to Allseas. Once commercial deals are signed, ConocoPhillips Australia expects the project to provide a new source of gas to its existing Darwin liquefied natural gas (LNG) facility, when the existing offshore gas supply from another nearby facility is exhausted. “Evaluation of tenders for the floating production, storage and offloading facility and development drilling contracts is well progressed,” Santos, which owns a 25% stake in Barossa, said Show less Read more
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