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PetroChina and ConocoPhillips establish strategic partnerships in Australia and China

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Report summary

The recent agreement between ConocoPhillips and PetroChina for the exchange of interests in Australia and China is a potentially important strategic move for both companies. PetroChina will farm in to two of ConocoPhillips' Australian interests - the Poseidon gas discoveries (offshore, Browse Basin), and the Goldwyer Shale (onshore, Canning Basin). ConocoPhillips will enter into a Joint Study Agreement (JSA) with PetroChina to evaluate shale gas potential in the Neijiang-Dazu Block, in ...

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