ConocoPhillips details Browse Basin drilling program

08/1/2011 | Wall Street Journal, The

ConocoPhillips said it plans to start exploring for natural gas in Australia's Browse Basin before the end of the year. The company expects the project to cost nearly $500 million, said Todd Creeger, president of Conoco's Australian unit. Conoco also believes the site holds "multiple" trillions of feet of gas, he added.

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