ConocoPhillips: Innovation to boost oil, gas output

Unconventional reservoir technologies and data analytics are key to boosting oil and gas exploration and production in China, according to a senior executive of United States energy company ConocoPhillips.

"When we think about China's energy situation, obviously the consumption of energy is growing at a rapid pace and we foresee that China is going to need a range of different energy sources," said Conoco-Phillips Chief Technology Officer Greg Leveille.

Over the past decade, oil and natural gas production in the US has grown quickly, Leveille said, noting this was largely enabled by two technologically driven revolutions - in unconventional reservoir development and data analytics.