Devon ducks out of West Africa

摘要

Devon Energy is to sell its assets in West Africa.The assets include estimated proved reserves of around 90m boe. This represents around 4% of Devon's proved reserves. The properties are expected to produce around 11m boe in 2007.The most significant producing property to be sold is Devon's stake in the Exxon-operated Zafiro field in Equatorial Guinea. Other properties are located in Gabon and C?te d'Ivoire. In total, Devon owns interests in 16 blocks in various stages of production, exploration and appraisal.