ConocoPhillips delays expansion of Alaska viscous oil project

摘要

Anchorage-ConocoPhillips will delay the expansion of its viscous oil project at the Kuparuk River Field on Alaska’s North Slope because of low oil prices, but is continuing work on other developments on the slope, a company spokeswoman said Tuesday. “We have placed our plans to develop 1H NEWS on hold,” company spokeswoman Natalie Lowman said in an email. “Budgets have not been set for the coming year and I can’t speculate on when oil prices will recover enough for us to restart work.”