ConocoPhillips provided Investor Updates, Spring 2013.
– Commitment to Capital Discipline and Growth. $16B Annual Capital between 2013-2017. 3-5% CAGR Production growth.
– Worldwide Development program will account for 600 MBOED by 2017
– Major projects will account for 400 MBOED by 2017
– Malaysia: Projects Ramping Up, with Upside. 5-year investment $2.5B in Gumusut, SNP, KBB and Malikai.
– Australia APLNG: 5-year investment $2.5B (assume partial sell down). First cargo mid-2015