ConocoPhillips Co. on Feb. 17 said the company is experiencing significant weather-related production impacts due to severe winter weather.
The company did not quantify the amount of production that was offline.
ConocoPhillips is one of the world’s largest independent E&P companies. The Lower 48 represents the largest segment in ConocoPhillips today based on production. Current major focus areas for the Lower 48 include the Eagle Ford in South Texas and Permian Basin in West Texas and southeastern New Mexico plus the Bakken in North Dakota.
Oil producers, pipelines and refiners in Texas and New Mexico have halted operations due to a rare deep freeze, which left at least 21 people dead and knocked out power to millions.
TechnipFMC’s latest contract, with state-owned Petronas, covers the development of 10 deepwater wells and their tieback to the Limbayong FPSO unit offshore Malaysia.
Egypt is in the process of launching the Egypt Upstream Gateway, a digital subsurface platform that will act as an up-to-date repository of the country’s subsurface data, says H.E. Eng. Tarek El-Molla, Egypt’s minister of petroleum and mineral resource.
The Scoop and Stack plays are still in the money but only with improved well spacing and effective management of frac-driven interactions.