Category: Business News
«In 2016 ConocoPhillips built a new exploration strategy,” Arild Skjervøy, Exploration Manager in ConocoPhillips Norway, says.
“We focus on countries, basins and plays, with substantial remaining potential and material value propositions that compete in the global portfolio. For Norway, where we have legacy positions and a long-term presence, we can further leverage that knowledge and competence”.
The multinational oil company that discovered Ekofisk in 1969 and Heidrun in 1985, maintained a special focus on four business units for growth; Norway, Malaysia, Alaska and the Lower 48 (the 48 adjoining U.S. states on the continent of North America).
Four years later, in 2020, ConocoPhillips was undeniably and by far the most successful explorer on the NCS.
Published: October 1, 2021