Conocophillips provides update on production curtailment activities

Conocophillips provides update on production curtailment activities.conocophillips - for q2, co's curtailments were primarily related to oil production & averaged about 225 thousand mboed on a net basis.conocophillips - of total net curtailments in q2, about 65% were in lower 48, 15% were in alaska and 15% were in surmont operation in canada.conocophillips - remainder of second-quarter curtailments were primarily in malaysia.conocophillips - including impacts from curtailments, expects to report q2 production volumes of 960 to 980 mboed.conocophillips - continues to monitor netback pricing and evaluate curtailments across its operated assets on a month-by-month basis.conocophillips - expects to begin restoring curtailed production in alaska during month of july.conocophillips - in lower 48 region, company also expects to begin bringing some curtailed volumes back on line during july.conocophillips - at surmont, company is also planning to increase production from curtailed levels in q3.conocophillips - company will continue to suspend forward-looking guidance and sensitivities.conocophillips - excluding libya, production in q2 is expected to be in line with same period a year ago and about 5 percent below q1 of 2020.
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