ConocoPhillips Removes Personnel from Magnolia Platform

ConocoPhillips has continued to monitor the progress of Tropical Storm Gustav. It is projected to enter the Gulf of Mexico Sunday with landfall expected sometime late Monday or early Tuesday.

Based on the projected path and speed of the storm, ConocoPhillips will implement inclement weather contingency plans which include the removal of non-essential personnel from the Magnolia platform in the central Gulf of Mexico beginning on Thursday, August 28, 2008.

Approximately 20 non-essential personnel will be removed from Magnolia on Thursday. An additional 58 personnel will be removed from the platform by Saturday. Production at Magnolia is shut-in.

Operations at ConocoPhillips' Gulf Coast refineries remain normal at this time. However, appropriate planning is underway to allow for the safe shut down of refinery operations and the removal of refinery personnel as circumstances warrant.