RE: Morocco figures based on only 36.5BCF21 Apr 2021 18:06
Morocco Overview
With the PRD Morocco drill upcoming in June it’s worth reminding ourselves of the opportunity with this exceptional company..
As stated by the board in the Corporate presentation July 2020….
Prospectively of northern Morocco recognised by ConocoPhillips acquiring licence adjoining Guercif 12/6/20
https://www.moroccoworldnews.com/2020/06/305910/morocco-signs-2-year-exploratory-contract-with-conocophillips/
This from the ?FEBRUARY 02, 2021 Q4 2020 ConocoPhillips Earnings Call
Question,
So my question is, what are some of the things that the management team is going to need to do to sustain its leadership position in this new environment to continue to be the best E&P company with these new realities
Ans
we've got to also deliver this low-greenhouse-gas affordable energy all around the world, and that's going to be a part as we go through this transition that's really important. I think it's maybe lost in some of the rhetoric today, just how important oil and gas is to this transition that we're going to be going through over the next number of years and decades.
And
I think we're focused really on what our cost structure will look like……
stopping our new ventures exploration program. That reduced our targeted exploration spend from $300 million to $150 million a year.
Q, just how you're thinking about some of the international LNG opportunities at this point?
Ans ,
We do like the LNG projects. We like the growing need for gas around the whole world.