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Operations

We explore for, produce, transport and market crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. As of Dec. 31, 2016, we had operations and activities in 17 countries.

Operations are managed through six segments, which are defined by geographic region: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. ConocoPhillips’ operating segments generally include a strong base of legacy production and an inventory of low cost of supply investment opportunities. The company also pursues focused conventional and unconventional exploration that can add to the company’s low cost of supply resource base over time.

The company completed the sale of the majority of its western Canada assets and its interest in the Foster Creek Christina Lake (FCCL) Partnership in May 2017. At June 30, 2017, the company also had asset sales pending for its San Juan Basin and Barnett gas positions. The information in this fact sheet reflects the company’s positions as of Dec. 31, 2016 and does not include the impacts of these asset sales.

The company embraces its role in responsibly accessing, developing and producing oil and gas to help meet the world’s energy needs. ConocoPhillips has the technical capability to operate globally and maintains a relentless focus on safety and environmental stewardship.

ConocoPhillips common stock is listed on the New York Stock Exchange under the ticker symbol COP.

Worldwide Operations

ConocoPhillips is the world’s largest independent exploration and production (E&P) company based on proved reserves and production of liquids and natural gas.

1,569
Thousand barrels of oil equivalent per day - 2016 Production
6.4
Billion Barrels of Oil Equivalent - 2016 Proved Reserves
Alaska
Australia
Brunei
Canada
Chile
China
Colombia
Houston
Indonesia
Libya
Lower 48
Malaysia
Norway
Qatar
Timor Leste
United Kingdom
Map Key
Exploration
Production
Exploration and Production
Headquarters
Exploration and Production

Alaska

ConocoPhillips is Alaska’s largest crude oil producer and one of the largest owners of state, federal and fee exploration leases, with approximately 0.5 million net undeveloped acres at year-end 2016.

Exploration and Production

Australia

ConocoPhillips’ established operations in Australia two decades ago, and operates the Bayu-Undan Field, the Darwin Liquified Natural Gas plant, and the Australia Pacific LNG plant in Queensland.

Exploration

Brunei

ConocoPhillips holds a working interest in the deepwater Block CA-2 production sharing contract (PSC), with an exploration period through December 2018.

Exploration and Production

Canada

The company’s Canadian operations are comprised primarily of oil sands assets in the Athabasca region of northeastern Alberta and unconventional development in western Canada.

Exploration

Chile

ConocoPhillips is concentrating on international exploration opportunities that provide both scale and flexibility, with international new venture activity ongoing in Chile and Colombia.

Exploration and Production

China

ConocoPhillips’ Asia Pacific and Middle East operations consist of producing fields in China, Indonesia, Malaysia, Qatar, Australia and Timor-Leste.

Exploration

Colombia

ConocoPhillips is concentrating on international exploration opportunities that provide both scale and flexibility, with international new venture activity ongoing in Chile and Colombia.

Headquarters

Houston

ConocoPhillips, headquartered in Houston, Texas, is the world’s largest independent E&P company based on production and proved reserves.

Exploration and Production

Indonesia

ConocoPhillips has had a presence in Indonesia for more than 45 years. The company currently operates three onshore blocks, the Corridor Block and the South Jambi ‘B’ PSC, both in South Sumatra, and the Kualakurun PSC in Central Kalimantan.

Exploration and Production

Lower 48

The Lower 48 segment represents the largest business in ConocoPhillips today based on production. The company has high-quality positions in the North American unconventionals, which are low cost of supply assets with significant upside potential.

Exploration and Production

Malaysia

ConocoPhillips' involvement in Malaysia began in 2000 and consists of interests in six blocks in varying stages of exploration, development and production.

Exploration and Production

Norway

ConocoPhillips has a significant production and exploration position in the Norwegian sector of the North Sea.

Production

Qatar

An integrated project between ConocoPhillips and Qatar Petroleum, Qatargas 3, is a large-scale LNG project in Ras Laffan Industrial City, Qatar.

Production

Timor Leste

ConocoPhillips’ Bayu-Undan gas condensate development is located in the Timor Sea Joint Petroleum Development Area (JPDA) between Timor-Leste and Australia.

Exploration and Production

United Kingdom

ConocoPhillips has had activities in the United Kingdom since 1964, when acreage was awarded to the company in the first licensing round.

Worldwide Operations

All Types
Exploration
Production
Exploration and Production
Headquarters

Alaska

Exploration and Production

ConocoPhillips is Alaska’s largest crude oil producer and one of the largest owners of state, federal and fee exploration leases, with approximately 0.5 million net undeveloped acres at year-end 2016.

Australia

Exploration and Production

ConocoPhillips’ established operations in Australia two decades ago, and operates the Bayu-Undan Field, the Darwin Liquified Natural Gas plant, and the Australia Pacific LNG plant in Queensland.

Brunei

Exploration

ConocoPhillips holds a working interest in the deepwater Block CA-2 production sharing contract (PSC), with an exploration period through December 2018.

Canada

Exploration and Production

The company’s Canadian operations are comprised primarily of oil sands assets in the Athabasca region of northeastern Alberta and unconventional development in western Canada.

Chile

Exploration

ConocoPhillips is concentrating on international exploration opportunities that provide both scale and flexibility, with international new venture activity ongoing in Chile and Colombia.

China

Exploration and Production

ConocoPhillips’ Asia Pacific and Middle East operations consist of producing fields in China, Indonesia, Malaysia, Qatar, Australia and Timor-Leste.

Colombia

Exploration

ConocoPhillips is concentrating on international exploration opportunities that provide both scale and flexibility, with international new venture activity ongoing in Chile and Colombia.

Houston

Headquarters

ConocoPhillips, headquartered in Houston, Texas, is the world’s largest independent E&P company based on production and proved reserves.

Indonesia

Exploration and Production

ConocoPhillips has had a presence in Indonesia for more than 45 years. The company currently operates three onshore blocks, the Corridor Block and the South Jambi ‘B’ PSC, both in South Sumatra, and the Kualakurun PSC in Central Kalimantan.

Lower 48

Exploration and Production

The Lower 48 segment represents the largest business in ConocoPhillips today based on production. The company has high-quality positions in the North American unconventionals, which are low cost of supply assets with significant upside potential.

Malaysia

Exploration and Production

ConocoPhillips' involvement in Malaysia began in 2000 and consists of interests in six blocks in varying stages of exploration, development and production.

Norway

Exploration and Production

ConocoPhillips has a significant production and exploration position in the Norwegian sector of the North Sea.

Qatar

Production

An integrated project between ConocoPhillips and Qatar Petroleum, Qatargas 3, is a large-scale LNG project in Ras Laffan Industrial City, Qatar.

Timor Leste

Production

ConocoPhillips’ Bayu-Undan gas condensate development is located in the Timor Sea Joint Petroleum Development Area (JPDA) between Timor-Leste and Australia.

United Kingdom

Exploration and Production

ConocoPhillips has had activities in the United Kingdom since 1964, when acreage was awarded to the company in the first licensing round.

Integrating Sustainability

Sustainable development requirements are integrated into the key business planning processes for the company.

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Safety, Health & Security

Everything we do depends on the safety of our operations, our people and communities around us.

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LNG Technology & Licensing

ConocoPhillips is committed to being a global leader in LNG technology.