ConocoPhillips (NYSE:COP) Q4 2023 Earnings Call Transcript

Andy O’Brien: Yeah. Sure. This is Andy. I can take that question. We actually discussed this one in a bit of detail on our last quarterly call and you’re right, we do have some good momentum on the Alaskan international projects. But just to give you a feel about where they’re coming from across the portfolio, sort of in Norway we achieved first production ahead of schedule in three of the four subsea tiebacks and the fourth one is expected to come online as planned in the second quarter. In China, our partner brought the first Bohai Phase 4B platform online in October and then the second one came on in December. Also in December, we achieved first off on Pad 267 in Surmont and we expect to gradually ramp that up over the coming months.

And as I previously discussed, in Montney, the start of the CPF2 really has allowed us to start ramping production there. In the third quarter, we expect to see growth in 2024 in the Montney from the CPF2 and also the second rig. So we’re really happy with sort of the spread we have across Alaskan International with where the growth is coming from, and I think, as we said in one of the earlier questions, that ANI is going to be providing a significant part of the total company growth this year.

Leo Mariani: Thank you.

Operator: Thank you. We have no further questions at this time. Thank you, ladies and gentlemen. This concludes today’s conference. Thank you for participating. You may now disconnect.