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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ConocoPhillips | NYSE:COP | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.2101 | -0.17% | 122.0399 | 122.68 | 120.875 | 122.51 | 5,210,658 | 01:00:00 |
From May 2019 to May 2024
By Ian Walker
LONDON--Royal Dutch Shell PLC (RDSB.LN) said Wednesday it has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects.
The Gumusut-Kakap field is located in waters up to 1,200 meters deep. The platform is expected to reach an annual peak oil production of around 135,000 barrels a day, once fully ramped up, Shell said.
With oil production now under way, work on the gas injection facilities is continuing with an expected start-up during 2015, it added.
The Gumusut-Kakap project is a joint venture between Shell (33%, operator), ConocoPhillips Sabah (33%), PETRONAS Carigali (20%), Murphy Sabah Oil (14%).
Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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