ConocoPhillips Forms Global Gas Organization

ConocoPhillips announced the formation of a Global Gas organization – 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 organization will have responsibility for ConocoPhillips’ worldwide natural gas strategy, as well as the commercialization 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 organizational 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 organization 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.