Conoco Receives United Kingdom Institute of Petroleum Environment Award.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Nov. 16, 2000 Conoco has won the prestigious `Environment Award' from the United Kingdom Institute of Petroleum (IP) for the company's Deir Ez Zor Deir ez Zor, Syria: see Dayr az Zawr. integrated natural gas project (DEZ DEZ Dezember (German: December) DEZ Disease Eradication Zone DEZ Death Egg Zone (Sonic 2/3 & Knuckes level) DEZ Di-Ethylzinc Gas) in Syria. The $430 million DEZ Gas project, a 50/50 joint venture of Conoco and TotalFinaElf, supports the continuing modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of the Syrian Arab Republic's natural gas industry. The project will gather, process and transport 175 million cubic feet per day of natural gas that is currently being flared in oil fields This list of oil fields includes major fields of the past and present. The list is incomplete; there are more than 40,000 oil and gas fields of all sizes in the world[1]. around the city of Deir Ez Zor. The gathering, processing and transport system is expected to be fully operational by the fall of 2001. The natural gas gathered by the DEZ Gas system will displace approximately 26,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. of heavy fuel oil currently used to generate electrical power in Syria. It is estimated the project will reduce CO2 emissions by over 5.4 million tons per year. "We are very pleased that IP has recognized the environmental benefits of our creative technical and commercial approach to turn a wasted national resource into a clean-burning and valuable product for the people of Syria," said Rob McKee, Conoco executive vice president for worldwide exploration and production. The 100-year-old United Kingdom Institute of Petroleum encourages and facilitates best practices and technical innovation in the international petroleum industry. Conoco Inc. (NYSE NYSE See: New York Stock Exchange :COCA)(NYSE:COCB) is a major, integrated energy company active in more than 40 countries. |
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