E E - - Gas Gas TM TM Technology 2011 Outlook Technology 2011 Outlook Phil Amick Phil Amick Commercialization Manager Commercialization Manager Gasification Technologies Conference Gasification Technologies Conference San Francisco, California San Francisco, California October 10, 2011 October 10, 2011
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EE--GasGasTMTM Technology 2011 OutlookTechnology 2011 Outlook Phil AmickPhil Amick Commercialization ManagerCommercialization Manager
Gasification Technologies ConferenceGasification Technologies Conference San Francisco, CaliforniaSan Francisco, California October 10, 2011October 10, 2011
CAUTIONARY STATEMENTCAUTIONARY STATEMENT
FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995SECURITIES LITIGATION REFORM ACT OF 1995
The following presentation includes forwardThe following presentation includes forward--looking statements. These statements relate to future events, slooking statements. These statements relate to future events, such as uch as anticipated revenues, earnings, business strategies, competitiveanticipated revenues, earnings, business strategies, competitive position or other aspects of our operations or position or other aspects of our operations or operating results. Actual outcomes and results may differ materioperating results. Actual outcomes and results may differ materially from what is expressed or forecast in such ally from what is expressed or forecast in such forwardforward--looking statements. These statements are not guarantees of futlooking statements. These statements are not guarantees of future performance and involve certain ure performance and involve certain risks, uncertainties and assumptions that are difficult to predirisks, uncertainties and assumptions that are difficult to predict such as oil and gas prices; refining and marketing ct such as oil and gas prices; refining and marketing margins; operational hazards and drilling risks; potential failumargins; operational hazards and drilling risks; potential failure to achieve, and potential delays in achieving re to achieve, and potential delays in achieving expected reserves or production levels from existing and future expected reserves or production levels from existing and future oil and gas development projects; unsuccessful oil and gas development projects; unsuccessful exploratory activities; unexpected cost increases or technical dexploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying ifficulties in constructing, maintaining or modifying company facilities; international monetary conditions and exchancompany facilities; international monetary conditions and exchange controls; potential liability for remedial actions ge controls; potential liability for remedial actions under existing or future environmental regulations or from pendiunder existing or future environmental regulations or from pending or future litigation; limited access to capital or ng or future litigation; limited access to capital or significantly higher cost of capital related to illiquidity or usignificantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial ncertainty in the domestic or international financial markets; general domestic and international economic and politicmarkets; general domestic and international economic and political conditions, as well as changes in tax, al conditions, as well as changes in tax, environmental and other laws applicable to ConocoPhillipsenvironmental and other laws applicable to ConocoPhillips’’ business and other economic, business, competitive business and other economic, business, competitive and/or regulatory factors affecting ConocoPhillipsand/or regulatory factors affecting ConocoPhillips’’ business generally as set forth in ConocoPhillipsbusiness generally as set forth in ConocoPhillips’’ filings with the filings with the Securities and Exchange Commission (SEC). Securities and Exchange Commission (SEC).
Cautionary Note to U.S. Investors Cautionary Note to U.S. Investors –– The SEC permits oil and gas companies, in their filings with thThe SEC permits oil and gas companies, in their filings with the SEC, to e SEC, to disclose only proved, probable and possible reserves. We use thedisclose only proved, probable and possible reserves. We use the term "resource" in this presentation that the term "resource" in this presentation that the SECSEC’’s guidelines prohibit us from including in filings with the SEC.s guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10the oil and gas disclosures in our Form 10--K and other reports and filings with the SEC. Copies are availaK and other reports and filings with the SEC. Copies are available from ble from the SEC and from the ConocoPhillips website.the SEC and from the ConocoPhillips website.
POSCO Gwangyang SNG ProjectOfficial Groundbreaking June 7, 20115500 TPD Sub-Bituminous Coal for 500,000 TPY SNG
ProductConocoPhillips is providing E-Gas Technology process
design, support for detailed engineering and procurement, operations training and start-up assistance
Courtesy: POSCO4
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Asia and Pacific Opportunities
• Increased LNG demand impacting energy costs from India to Korea to South America
• Driving gasification-based power, chemical and fuels projects
• E-Gas Technology for SNG– Bituminous, Petcoke and
Sub-Bituminous Feedstocks
– Disconnects energy supply from oil price index
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Equipment Network
E-Gas Technology Equipment Supply Network Status:
• Multiple suppliers for proprietary components, and major and long lead equipment in core gasification area
• Fabricators added in Korea and India
• POSCO placed orders for gasifiers, syngas coolers and char filter systems
• Fabricators aggregate over 1.6 million square meters of floor capacity and 6300 tons of lifting capacity
Technology Development HighlightsTechnology Development HighlightsLow Cost Fuel UtilizationLow Cost Fuel Utilization
EE--STR Technology STR Technology –– new gasifier for lignite new gasifier for lignite and poor quality suband poor quality sub--bituminous coalsbituminous coalsPetcoke OptimizationPetcoke Optimization