?It is a great example of where we can benefit from strong relationships with our partners, use our technical expertise and extensive experience in the North Sea, and link with our existing infrastructure. It clearly demonstrates that there are competitive opportunities in the U.K. continental shelf."
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ConocoPhillips: UK Has Shelf Competitive Opportunities
Henry McGee, president of ConocoPhillips Europe & Africa, said..
US oil and gas major ConocoPhillips has received approval from the U.K. Department of Trade and Industry to develop the Saturn Unit Area in the U.K. Southern North Sea.
First gas production from the area is expected in the fourth quarter of 2005 with an initial gross rate of approximately 75 million cubic feet per day.
Henry McGee, president of ConocoPhillips Europe & Africa, said, "This project is another step toward our strategy of prolonged and efficient production from the North Sea.?
?It is a great example of where we can benefit from strong relationships with our partners, use our technical expertise and extensive experience in the North Sea, and link with our existing infrastructure. It clearly demonstrates that there are competitive opportunities in the U.K. continental shelf."
?It is a great example of where we can benefit from strong relationships with our partners, use our technical expertise and extensive experience in the North Sea, and link with our existing infrastructure. It clearly demonstrates that there are competitive opportunities in the U.K. continental shelf."
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