FED:ConocoPhillips executes WA shale gas deal
Global energy giant ConocoPhillips has executed a deal to earn a majority interest in the Goldwyer shale gas project in Western Australia from Perth-based New Standard Energy.
Global energy giant ConocoPhillips has executed a deal to earn a majority interest in the Goldwyer shale gas project in Western Australia from Perth-based New Standard Energy.
The companies on Friday finalised a heads of agreement signed in July whereby ConocoPhillips would fund up to $US109.5 million ($112.38 million) worth of exploration work at the Goldwyer project to earn a 75 per cent stake.
AAP
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