Conoco to Cut Spending on Deepwater Exploration

摘要

ConocoPhillips said on Thursday that it will scale back its future deepwater exploration spending, with most of the cuts affecting its activity in the US Gulf of Mexico. The Houston - based company had previously indicated that its US tight oil business and major liquefied natural gas (LNG) and Canadian oil sands projects would be the main drivers of its near - term production growth ( OD Apr.9'15 ).