ConocoPhillips
forms global gas organisation
Posted: 07 May 2004
ConocoPhillips has formed a Global Gas organisation — a new
division of its Exploration & Production (E&P) segment.
Sig Cornelius, currently president of U.S. Lower 48, Latin America
& Midstream, will become president, Global Gas, effective immediately.
Cornelius will report to Bill Berry, executive vice president of
E&P.
The Global Gas organisation will have responsibility for ConocoPhillips’
worldwide natural gas strategy, as well as the commercialisation
and profitability of key natural gas assets, including liquefied
natural gas projects and regasification terminals, gas-to-liquids
and power businesses, and major gas pipeline efforts.
This change in the company’s organisational structure reflects
the significant scale of its growing natural gas business. “Gas
projects worldwide have become an important part of ConocoPhillips’
upstream business,” said Berry. “Consolidating our global
gas activities under one organisation will allow us to more effectively
develop our gas business, better leverage our technology and expertise
worldwide, and enhance our ability to deliver product to the marketplace.”
Cornelius joined the company in 1980 and has held several positions
in the natural gas and gas projects groups. He also has served in
multiple upstream business development and upstream finance roles,
as well as president of both Conoco Canada Ltd. and Dubai Petroleum
Company. He was treasurer for the company from 2001 to 2002. Cornelius
has a bachelor’s degree from Iowa State University and earned
Master of Science degrees in Management from both Purdue and Stanford
University.
ConocoPhillips is an integrated oil company with interests around
the world. Headquartered in Houston, the company had approximately
37,200 employees and $84 billion of assets as of March 31, 2004.
For more information see www.conocophillips.com
Posted by Richard Price,
Editor Pipeline Magazine
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