1. 46 Conoco­Phillips
2015 SPIRIT Awards:
Business Excellence and Wellness
demonstrate the value of teamwork
BY JAN HESTER
Business Excellence
20K JOINT DEVELOPMENT FRAME AGREEMENT
To access the technologies required to develop
deepwater assets in basins with high pressures
and high temperatures (HPHT), the team
evaluated, negotiated and executed a 20,000 psi
THIS FINAL INSTALLMENT OF THE 2015 SPIRIT AWARDS HIGHLIGHTS RECIPIENTS IN
BUSINESS EXCELLENCE AND WELLNESS. BOTH CATEGORIES RECOGNIZE TEAMS WHO
HAVE WORKED COLLABORATIVELY AND CREATIVELY TO ACHIEVE SUCCESS. RECIPIENTS
OF THE BUSINESS EXCELLENCE AWARDS EXEMPLIFY INNOVATION, IDENTIFYING
OPPORTUNITIES TO IMPROVE PROCESSES AND PROCEDURES AND EXECUTING CREATIVE
SOLUTIONS. THE WELLNESS AWARD REPRESENTS TEAMS WHOSE COMMITMENT TO
HEALTH AND WELL-BEING BENEFITS THE PEOPLE OF CONOCO­PHILLIPS.
(20K)/350 degrees Fahrenheit subsea produc-
tion system joint development agreement (JDA)
with Anadarko, BP, FMC and Shell. Conoco­
Phillips’ engagement helped create a unique
producer/supplier agreement that drives industry
2015 SPIRIT AWARDS

2. 47spirit Magazine
standardization via a single set of specifications.
“The JDA enables Conoco­Phillips to influence
the design and qualification of HPHT 20K subsea
systems, develop internal capabilities and ensure
technology access for future developments,”
said Team Lead Tegan Marroquin. The JDA was
also leveraged into frame agreements providing
Conoco­Phillips top tier pricing and preferred
customer status globally.
20K Joint Development Frame Agreement Team
Tegan Marroquin, team lead
Chance Hardie
Karla Bower
Terri Flinner
Christopher Gabriel
Chris Kocurek
Tony Ray
Shamim Sulema
2015 SPIRIT AWARDS
Business Excellence
FMV METHOD OF INTEREST APPORTIONMENT
By electing the fair market value (FMV) method
for apportioning corporate interest expense
between foreign and U.S. taxable income, the
Conoco­Phillips Tax department generated
$110 million in tax benefits for 2013 and 2014.
Expected future tax benefits are approximately
$50 million annually. “Using the FMV method
reduces cash taxes, incrementally lowers the cost
FMV Method of Interest Apportionment Team
Heather Crowder, team lead
Astri Alden
Kim Ashlock
Kurtis Bond
Ben Carlson
Alan Carruth
Tony Chaya
William Corbridge
Elmo Gore
Michael Griffin
Lars Helgeland
Adrian Jefferson
Chad Jenkins
Randolph Johnson
Ida Kamaruddin
Doris Lee
Edwin Loftis
Thomas McKnight
Sarah McLeod
Juan Molina
Stuart Nunn
Dane Paddon
Josh Pratt
Trish Riccio
Christopher Robertson
Paul Rusch
Bruce Sager
Marissa Staples
Joanne Taylor
Boriana Vitanov
J.W. Wesevich
Petra Windgaetter
Colin Wolfe
of borrowing and benefits earnings,” said Team
Lead Heather Crowder. “The result is a significant,
long-term contribution to the company’s financial
results.” Because this approach involved a review
of the entire portfolio of assets, it required assis-
tance from all business units. The global collabo-
ration employed exemplifies business excellence
across the organization.
Heather Crowder
Tegan Marroquin
Bartlesville team members, from left:
Chad Jenkins, Ben Carlson, Elmo Gore,
Kim Ashlock and Marissa Staples