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ConocoPhillips pursues Willow Project in Alaska [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Chairman-CEO Ryan Lance said in his first quarter report from Houston the company continues to ramp up production at its Surmont Pad 267 in Canada, Bohai Bay 4B in China and three subsea tiebacks in Norway and it expects to start up a fourth subsea tieback in Norway in the next month. "In Canada at Montney production reached a new record level following the start-up of the second central processing facility, leading to over 20 percent growth versus the fourth quarter," he said. Lance said ConocoPhillips' first major winter construction season has gone well and module fabrication is going according to plan at its federally approved Willow Project on the North Slope of Alaska in the National Petroleum Reserve. "As we build out our LNG portfolio, our Qatar and Port Arthur projects are also progressing well," Lance said. Executive Vice President-Chief Financial Officer Bill Bullock said his company produced 1,902,000 barrels of oil equivalent per day in the first quarter for 2 pe Show less Read more
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