ConocoPhillips’ 4Q Production Hit by Weather-Related Downtime
ConocoPhillips has provided an update on fourth-quarter production guidance.
The recent quarter’s average production was negatively impacted by significant weather-related downtime in several operational areas, notably in the Lower 48 and the North Sea. As a result, fourth-quarter production for continuing operations is expected to be approximately 1,475 thousand barrels of oil equivalent per day (MBOED). There has been no long-term impact to production from this weather-related downtime and 2014 guidance for continuing operations remains unchanged at approximately 1,600 MBOED. This 2014 production estimate includes 50 MBOED from the Es Sider Terminal in Libya, which continues to be offline due to regional conflicts.
Press Release, January 08, 2014