Conoco to sell North Sea assets

摘要

ConocoPhillips is looking to offload some North Sea oil field assets, with sources saying the US player is looking to focus on its shale operations in the USA, Reuters reported. The stakes on offer are ConocoPhillips’ equity in BP’s Clair field, and the Britannia and J-Area (the Judy/Joanne, Jade and Jasmine) fields in the UK North Sea. Reuters reported that the US company could raise up to US $2 Bn from selling these assets.