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CORPORATE STRATEGY

ConocoPhillips Shifts Focus to Gas in Malaysia

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  • ConocoPhillips aims to build a large gas-focused upstream business in Malaysia after assuming operatorship of a key asset in the Southeast Asian country.
  • In a significant strategy pivot, the US independent will also exit a noncore oil project in Malaysia that could prove an attractive asset for smaller players.
  • Several international oil companies (IOCs) are increasingly looking to Malaysian gas as feed for regional liquefaction projects.

The Issue

Topics:
Corporate Strategy, Offshore Oil and Gas, Upstream Projects, Deepwater, Exploration, LNG Supply, Floating LNG, LNG Projects
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