"ConocoPhillips had a very successful 2003, in terms of project approvals," said Bill Berry, executive vice president of Exploration and Production for ConocoPhillips. "Our focused efforts to progress our legacy projects toward development resulted in major increases in proved reserves, primarily from projects in Australia, Canada and Norway.
"Looking ahead, we anticipate our current pipeline of projects to provide the company with substantial future reserves growth. In 2004, we will continue to pursue government approval on our Kashagan project in Kazakhstan, as well as the authorization of major projects in the United Kingdom, China and Alaska."
