ConocoPhillips has roots over 130 years old and is a pioneer in the production of Liquefied Natural Gas, which we have been responsibly delivering to the world since 1969. We are a global energy company that began operations in Australia almost two decades ago.
We can trace our beginnings to 1875, when Conoco founder Isaac E. Blake envisioned an idea to make kerosene available and affordable to townspeople in Ogden, Utah. Thirty years later, the foundation for Phillips Petroleum Company began when brothers Frank and L.E. Phillips hit the first of 81 wells without a dry hole. Nearly a century later, the two companies combined their strengths to form one of the largest energy company in the United States. The ConocoPhillips merger, completed on Aug. 30, 2002, paved the path for the company's current and future success. The years leading up to the formation of ConocoPhillips were marked by moments of triumph and challenges. Several of these moments highlighted both Conoco and Phillips' pioneering spirits. Phillips led the path in innovation by becoming the first company to develop and market propane for home heating and cooking, building the first long-distance multiproduct pipeline and inventing a process to make high-octane gasoline possible. Conoco used its pioneering spirit to develop the first filling station in the West, constructing what now is one of the oldest operating refineries in the United States and developing and receiving a patent for the Vibrosis method of seismic oil exploration. Together, the two companies helped make possible the current achievements of ConocoPhillips. Since the merger, the company has continued to grow and make significant contributions to the energy industry.
In 2006, Burlington Resources joined ConocoPhillips. The acquisition brought Burlington's more than 100 years of experience to ConocoPhillips and enhanced the company's position as a leading producer and marketer of natural gas. In recent years, ConocoPhillips began commercial production of renewable diesel fuel, started the first Alpine satellite oil field, announced plans for a global water sustainability center and formed a partnership with Tyson Foods, Inc. to produce next-generation renewable diesel fuel. While ConocoPhillips' history still is young, the histories of Conoco, Phillips and Burlington provide a solid foundation for ConocoPhillips to leave a mark on the industry.
Read more about the history of ConocoPhillips on our Corporate website.
History of ConocoPhillips
Read about the History of ConocoPhillips around the globe.
ConocoPhillips acquires interests in exploration and production licences offshore in Western Australia and opens an office in Nedlands, Western Australia.
1990: Moved to Bartholomew House, West Perth
1995: Bayu-Undan Field is discovered in the Timor Sea – approximately 500 kilometres north west of Darwin.
1999: ConocoPhillips acquires the interests of BHP Petroleum in Bayu-Undan and takes over operatorship and acquires interest in Greater Sunrise.
1999: Timorese People overwhelmingly vote to become independent in a United Nations supervised referendum.
2000: Approval of Bayu-Undan Development phase 1
2001: ConocoPhillips commences an intensive training and capacity building program to assist Timor-Leste nationals are getting the skills they need to secure jobs in the oil and gas industry.
2002: Heads of agreement signed with Tokyo Electric and Toyko Gas for Sales of 3mtpa of LNG.
2002: Timor Sea Treaty signed between Australia and Timor Leste. Governments’ share of production split 90:10 in favour of Timor Leste.
2003: ConocoPhillips starts work with the first group of offshore operations trainees.
2003: ConocoPhillips approves Gas Export Development Plan and sanctions Darwin LNG. Construction of gas export project begins.
2004: First Bayu-Undan hydrocarbons produced.
2005: A 502km subsea pipeline connects Bayu-Undan in the Timor Sea to Darwin LNG Plant in Darwin Australia.
2005: First Bayu-Undan production sharing contract payments made to the government of Timor-Leste.
2005: Caldita was discovered.
2006: Barossa was discovered.
2006: Darwin LNG plant commissioned on budget and ahead of schedule.
2006: First shipment of LNG loaded at Darwin LNG plant for shipping to Japan and Timor-Leste starts to receive revenue from Gas sales.
2006: ConocoPhillips establishes an office in Bidau, Dili.
2008: ConocoPhillips becomes a shareholder in Australia Pacific LNG.
2009: Sunrise appraisal complete.
2010: Greater Poseidon exploration continues with two wells, Poseidon-2 and Kronos-1 being discovered.
2012 - 2013: Greater Poseidon exploration continues with the Zephyros-1 and Proteus-1 wells discovered.
2012: 10th Anniversary of Timor-Leste independence and commissioning of Bayu-Undan.