ConocoPhillips’s Chilean Interests

Instant Max AI

(Energy Analytics Institute, Aaron Simonsky, 25.Apr.2018) — ConocoPhillips is active in Chile in the Coiron Block in the Magallanes Basin, the company reported in a Fact Sheet updated on its website in March 2018. A short summary of its Chilean interest follows:

— Coiron Block: Partners in the block include: Empresa Nacional Del Petroleo (WI 51.0%, Operator) and ConocoPhillips (WI 49.0%)

In 2015, ConocoPhillips acquired a non-operated five percent interest in the Coiron Block in the Magallanes Basin covering approximately 400,000 gross acres. In 2016, ConocoPhillips drilled two exploration wells on the Coiron Block and finalized an agreement to increase its non-operated interest to 49 percent. In 2017, the two wells were expensed as dry holes.
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