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Vol. 13, No. 9 Week of March 02, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry


Conoco budgets $1B capex for 2008

Maintains figure still doesn’t account for ACES increases; capital and exploration spending in Alaska in 2007 was $622 million

Eric Lidji

Petroleum News

After flirting with the figure late in 2007, ConocoPhillips once again signaled plans to spend more than $1 billion on capital projects and exploration in Alaska this year, but insisted the recent production tax increases will keep actual spending below the budget. The $1 billion figure comes from....

    [additional news subjects in this story]

Still expect less to be spent

Budgets rarely match actual spending


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