ConocoPhillips leaves Shah Gas Field project

摘要

CONOCOPHILLIPS ANNOUNCED this week that it has decided to end its participation in developing Adnoc’s Shah Gas Field. ConocoPhillips had considered holding a 40% ownership stake in the project. "The Shah Gas Field will be a world-class project that will develop a key resource for Abu Dhabi and the region and it was a difficult decision not to participate in a project of this importance," said Ryan Lance, senior vice president, E&P International, ConocoPhillips. "We value our relationship with Adnoc and will continue to look for opportunities to work together in the future."