GREY:MGMCF - Post by User
Post by
glaciermanon Aug 08, 2013 12:38pm
345 Views
Post# 21656880
Chief Geologist - COP
Chief Geologist - COPFollow the smart money. In shale, it's COP.
An interview with Tooney Fink – Chief Geophysicist COP
Is ConocoPhillips involved in the pursuit of unconventional resources? Please elaborate.
ConocoPhillips Canada is deeply involved with unconventional resources. With the acquisition of Burlington, we gained an incredible ownership position in large parts of the Deep Basin, and with the advent of horizontal drilling mixed with multifrac completions, many of the formerly sub-economic Triassic-Mesozoic tight clastic reservoirs in the Deep Basin became ideal horizontal targets… but the gas price hurts. Fortunately, quite a few of these reservoirs have rich gas liquids associated with them. On the more classic 'shale' front we seem to like the Devonian, be it Muskwa, Duvernay, or Canol; I can't say much more or I'd have to shoot you. The grand-daddy of the unconventional resource plays is the oil sands where we have incredible exposure through our ownership in Surmont, Foster Creek, Christina Lake, Thornbury, Clyden and Saleski SAGD properties. These oil sands projects are massive, requiring billions of dollars of capital investment, and utilizing constantly evolving new technologies. Our time lapse seismic data from Surmont is a textbook example of the effective application of 4D.