11/03/2015at 15:39

ConocoPhillips cancels billion-dollar North Sea project

ConocoPhillips has canceled a project in the North Sea where the company planned to spend around USD 2 billion to develop the field, reports newspaper Aftenbladet.

BY OLE ANDERSEN

The low oil price now makes oil company CononoPhillips cancel a billion-dollar project in the North Sea, according to Norwegian newspaper Aftenbladet.

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