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Energy Prize
ConocoPhillips is known worldwide for its technological expertise in exploration and production, reservoir management and exploitation, 3-D seismic technology, high-grade petroleum coke upgrading and sulfur removal. The company has more than 1,750 active patents in about 70 countries.
ConocoPhillips conducts ongoing research designed to improve production of today’s conventional fuels, while leveraging the company’s expertise in new ways through its Technology segment. The company is not only substantially increasing its research and development efforts on technologies that complement its existing businesses, but also on alternative and renewable energy sources and environmental preservation.
ConocoPhillips and Penn State recently launched the
ConocoPhillips Energy Prize
, an awards program that seeks to recognize new ideas and original, actionable solutions that can help improve the way the United States develops and uses energy. In 2008, the program will award up to $300,000 in cash prizes and focus on generating innovative ideas and solutions.