US independent company ConocoPhillips has approved a 2004 capital budget of approximately $6.9 billion, with US$1.3 billion allocated for upstream projects in Asia. “Maintaining a 2004 cash capital budget essentially equal to 2003 is part of our disciplined approach toward improving returns on capital employed,” said Jim Mulva, president and chief executive officer. “This capital…
COMPANY: ConocoPhillips to spend US$1.3 billion of US$6.9 billion budget in Asia’s E&P in 2004
Posted on December 23, 2003 by EnergyAsia