No layoff plans resulting from well shut-ins

ConocoPhillips Canada has confirmed that 126 dry gas wells are being shut down in the Viking field but a company spokesman says it doesn’t foresee that the shut-ins will translate into job losses.

    “There are no plans to lay anyone off,” said Rob Evans, Director of External Affairs with ConocoPhillips Canada. He said basis economics is the reason for the shut down.

    Evans said with gas at a 10-year low, shutting in some production is the economic outcome.

     He said the current shut down is being confined to dry gas wells which are owned 100 per cent by ConocoPhillips and will not affect any operations in which the company is partnered.

     Dry gas wells are wells which typically produce only raw natural gas that does not contain any hydrocarbon liquids.