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ConocoPhillips eyes fixed production structure for Aussie LNG

Singapore

CONOCOPHILLIPS is understood to be weighing the feasibility of using a large fixed production structure over a proposed floating liquefied natural gas plant to extract gas reserves from greenfield developments off Australia, in a move which could expand the contracting options for a multi-billion dollar project challenged by sustained low oil prices.

The Business Times understands that ConocoPhillips has recently sounded out the market for a large central processing platform (CPP) boasting...

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