ConocoPhillips ceases to participate in the CBM project in Surabaya, China

According to Dow Jones Houston News on February 23, US oil giant ConocoPhillips said on Wednesday that the company has terminated its plans to participate in the Qinshui CBM in Shanxi, China.
According to the latest documents from ConocoPhillips, the company terminated the plan in the fourth quarter of last year.
In 2009, ConocoPhillips began drilling evaluation trials in Surabaya and plans to continue for 12-18 months. The Surabaya area is expected to have a large amount of CBM resources.

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