COP, we cant find anything new so we just buy more of the existing fields we have, and fool everyone in Alaska that we hire locals, while we get exemptions all the time to hire international people and idiot hi-pots who think they know everything but don't.
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Full of sh--. They didn't find anything, it was independents who found the new play. COP was again proven a non-explorer. They have even hired clueless geo Phds over the past several years for operations jobs...are you f-ing kidding me, why do you need a Phd. Hi-pots who cry about anything they don't get, like a f-ing daycare here.
Hear the toilet flushing, COP is in the swirl.
Read the “resources added” and “high quality prospects” then... the ELT’s own words... where are these now?
http://www.conocophillips.com/news-media/story/conocophillips-outlines-plans-for-growth-and-returns-at-analyst-meeting/
LOL -drlf !!!!!! This is exploration leadership: brag and propagandize about resources and high potential success rates. The key word is “potential”. If you think of commercially producible hydrocarbons, the correct answer is zero or very close. Again, just look back at the Analyst Meeting reports of 3,5,10 years ago.
The folks in exploration that are most successful are the brown nosers with good PowerPoint and people skills. Those telling the truth are severed.
http://www.conocophillips.com/news-media/story/conocophillips-provides-strong-outlook-for-its-alaska-business-announces-discovered-resource-of-0-5-1-1-billion-barrels-gross-from-recent-exploration-activity-with-75-percent-of-prospective-acreage-yet-to-be-drilled/
It doesn't make sense! We are getting BP's old fields's in Alaska and selling old fields everywhere else. New fields are easy money, high production rates, low water cuts, good tubulars, with little or no corrosion. Old fields require two or three times expense for less production that is declining? Increasing water cuts, tubular failures due to corrosion, scaling problems, plugging liabilities, lower pressures, and increased lifting costs all come with field aging!
So true in both cases.
Research flunkees and their management are whores and exploration management are just losers who have found nothing but their paychecks and boondoggle trips.
Exploration research folks have always been experts at voicing their opinions and criticizing true finders’s work, but ask them to actually create real value and they are lost.
Wow, I’ve actually described exploration management also. When will we do a real post audit and start holding them accountable?
Maybe the reasearch people should quit to have their playtime. The structural geology expert that retired never did sh-- except publish his own crap and edit outside publications. Must be grand to get paid to play and crow about yourself.
I think it’s ok for the research people to go up for the summer. They don’t get out much
I have been so impressed with our HiPot we got from San Juan with his doctors degree! He is certainly going to solve all our problems. Problem now is he is worse than new hires and will require a decade to figure out what is going on!
Another HR person showing ignorance is bliss. Look at our exploration success company-wide, nothing notable. You mention Willow, that play was found by independent Armstrong Oil & Gas. It has been sitting under COP's nose.
What’s with all the posted Willow positions if we can’t find anything?!?!
Yea, summer play town for all the execs and the whorish research people to enjoy the fishing while "meeting" with people at the office. Must be nice to vacation on the company's dime. I wonder why no audits or budget-cutting recommendations never mention this boondoggling waste of money so out execs and 'research' people can have their playtime. Sad.
Speaking of AK, why did we just promote this guy again?
OP, you miss the point. The purpose of the Anchorage office is dreams: dreams about Prudhoe Bay natural gas, dreams about Chukchi Sea oil... while providing a nice place for executives to visit (only during the summer fishing season). The next dream will be about ANWR, to keep the summer resort open there.
It’s never about finding hydrocarbons or creating value. It’s all about a nice place for our “leaders”.
Fire locals to make room for outsiders. That’s the COP way!