ConocoPhillips negotiating with Ineos as it looks to offload UK North Sea assets

摘要

Ineos is looking to continue its bullish upstream spending in the UK North Sea with the company confirming that it is holding talks with ConocoPhillips regarding the purchase of its remaining fields in UK waters. UK-based Ineos, which is led by Britain’s richest man Jim Ratcliffe, is leading the charge for ConocoPhillips’ remaining North Sea assets, with Ineos reportedly paying for exclusive negotiations with the US firm.