Chrysaor buys Conoco's UK oil assets

摘要

CHRYSAOR has agreed to buy Cono-coPhillips North Sea assets for US$2.67bn,making it one of the largest producers in the region.The purchase adds 72,000 bbl/d to Chrysaor's output,lifting production by 68% to 177,000 bbl/d.With production expected to climb to more than 185,000 bbl/d this year,it places Chrysaor at second on the largest producers list after BP,according to figures from Reuters.The deal will see Chrysaor take over operations in two hubs in the UK Central North Sea,Britannia and J-Block,and secure a 7.5% interest in the BP-operated Clair Field located in the burgeoning west of Shetland region.