ConocoPhillips Announces Senior Management Changes
John Carrig, currently executive vice president, Finance, and chief financial officer, will become president and chief operating officer. He will continue to report to Jim Mulva, chairman and chief executive officer. Jim Gallogly, currently executive vice president, Refining, Marketing & Transportation, will become executive vice president, Exploration & Production. Willie Chiang, currently senior vice president, Commercial, will become senior vice president, Refining, Marketing & Transportation. Greg Goff, currently president, Strategy, Integration and Specialty Businesses for Refining, Marketing & Transportation, will become senior vice president, Commercial. Ryan Lance will remain president, Exploration & Production – Europe, Asia, Africa and the . Messrs.
ConocoPhillips Finalizes Agreement with Freeport LNG
ConocoPhillips announced the finalization of its transaction with Freeport LNG Development, L.P. to participate in a proposed liquefied natural gas (LNG) receiving terminal in Quintana, Brazoria County, Texas. ConocoPhillips has acquired 1 billion cubic feet (BCF) per day of regasification capacity in the terminal, has obtained a 50 percent interest in the general partner managing the venture and will provide substantial construction funding to the venture. The terminal is designed with storage capacity of nearly 7 BCF and send-out capacity of 1.5 BCF per day. Natural gas will be transported through a 9.4-mile pipeline to Stratton Ridge, Texas, which is a major point of interconnection with the Texas intrastate gas pipeline system.
ConocoPhillips Announces Management Changes
ConocoPhillips announced the following actions concerning the company's senior management. These changes will be effective September 1, 2007. Bill Berry, executive vice president, Exploration & Production – Europe, Asia, Africa and the Middle East, has elected to retire after 31 years of service. From September 1 until his retirement in January 2008, Mr. Berry will serve in a transition role. John Lowe, currently executive vice president, Commercial, will become executive vice president, Exploration & Production. Reporting to Mr. Randy Limbacher, who will continue with his current operational responsibilities as president, Exploration & Production – Americas.
