Conoco Phillips is the third-largest integrated energy company in the United States based on market capitalization, oil and natural gas reserves. It is the fourth-largest refiner and the seventh-largest reserves holder of non-government-controlled companies. ConocoPhillips is known worldwide for its technological expertise in reservoir management and exploration, 3-D Seismic technology, high-grade petroleum coke upgrading and sulfur removal. With operations in more than 30 countries, ConocoPhillips employs more than 30,000 workers worldwide. Headquartered in Houston, Texas, the company has assets of $143 billion.
“ConocoPhillips is committed to protecting the environment. In all of the company’s operations, the highest environmental standards are implemented to ensure that the company’s actions today will not only provide energy, but will also secure a stable environment for tomorrow. In addition to following strict environmental regulations, the company works individually with local communities to meet their specific environmental needs.” http://www.conocophillips.com/social/environment/index.htm
Carbon capture and storage (CCS) is the gathering and underground injection of carbon dioxide. It can be stored in saline reservoirs, depleted oil and gas reservoirs, or possibly in coal seams. For years, companies such as ConocoPhillips have been injecting CO2 into oil reservoirs to push oil toward the well, allowing for additional oil recovery. The process is known as enhanced oil recovery (EOR). ConocoPhillips is developing several new projects that could include CCS. At the Lost Cabin gas plant in Wyoming, Conoco Phillips has solicited bids for the purchase of carbon dioxide, which currently is vented, from the plant. In the San Juan Basin, the company, in coordination with the Department of Energy, is experimenting with CO2 injection rates into a coal formation.