[thackney]

Conoco announced $1 billion of exploration in Alaska for next year, and a whole lot more elsewhwere.

Possible update:

Not so fast, Alaska

Reports about increase in ConocoPhillips’ 2008 capital budget misleading

http://www.petroleumnews.com/pntruncate/871270735.shtml

[RightWhale]

Conoco retracted that report, said it was last year’s plan and this year’s plan would be revised due to changed tax structure. BP is getting approval for its extreme drill length well off the North Slope.