NYSE:COPOil and Gas
ConocoPhillips Bets US$2.1b On Norway To Sustain Long-Term Growth
ConocoPhillips (NYSE:COP) is leading a US$2.1b investment to restart production at three oil fields in Norway's Greater Ekofisk area.
The project focuses on bringing long-life offshore assets back into operation in a mature but still important North Sea region.
This move signals a renewed commitment to large offshore developments and longer duration projects outside the United States.
For you as an investor, this kind of project sits squarely in ConocoPhillips' core business of exploration...