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Conoco Produces 1,202 MBOEPD in Q3; Financial Results, Ops Update

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   |    Thursday,October 26,2017

Conoco has reported its Q3 2017 results. Highlights from its release / conference call include:

• In the Lower 48, 12 operated drilling rigs were running in the Eagle Ford, Bakken, and Delaware unconventional areas.

• Q3 Production of 1,202 MBOEPD (up +1.4% YOY)

Operational Update:

During the quarter, Eagle Ford production was impacted by 15 MBOED from Hurricane Harvey, but was fully restored by quarter end.

Record production was achieved at Surmont and appraisal activity continues at Montney in Canada.

In Alaska, the first well was spud at 1H NEWS, which remains on track for first oil by year-end.

Project work progressed in Europe, with the Aasta Hansteen topsides sail-away completed.

In Australia, the APLNG two-train lenders’ test was completed with performance exceeding target, resulting in the release of the final project financing loan guarantee.

Turnarounds were successfully completed at Prudhoe Bay in Alaska and Britannia in the United Kingdom.

2024 Development Plan

Category	2023	2024 Est. Initial	Updated 2024 Guidance	%Difference (2023 vs 2024)
Total Capital Expenditure($mm)

Production Daily Equivalent(boe/d)

 Click here for More Planned 2024 Activity