ConocoPhillips' (COP) partners in the Kashagan field have 60 days to decide whether they want...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips' (COP) partners in the Kashagan field have 60 days to decide whether they want the 8.4% stake promised to India's Oil and Natural Gas Corp., but they may take a pass given the project's ongoing problems. With the first phase alone costing $48B and production already delayed seven years, it’s no wonder COP prefers to concentrate on lower-risk, higher-return possibilities in the U.S.