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ConocoPhillips board approves 2003 capital budget.

Asia Africa Intelligence Wire

| December 10, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Chemical Business NewsBase - Press Release)

The board of ConocoPhillips has approved a $6.6 bn capital budget for 2003. The Exploration and Production (E&P)capital budget is around $4.4 bn, excluding capitalized interest and minority industry related to the Bayu-Undan project in the Timor Sea. E&P anticipates spending around $1.1 bn in the ...

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