Thread regarding ConocoPhillips layoffs

ConocoPhillips swaps assets with BP

It was announced from the company that ConocoPhillips completed the sale of it subsidiary that holds 16.5% interest in Clair Field assets at the same time acquired 39.2% interest in assets inGreater Kuparuk Area in Alaska and 38% interest in the Kuparuk Transportation Co. In that way it completed the, earlier announced, asset swap with BP. These transactions were cash neutral for both parties.

https://www.oilandgasinvestor.com/conocophillips-completes-swap-north-sea-alaska-assets-bp-1726401

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| 1457 views | | 3 replies (last December 21, 2018) | Reply
Post ID: @OP+WH3bcif

3 replies (most recent on top)

What is the realignment going to look like?

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Post ID: @2mtp+WH3bcif

The UK BU s---s!!

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Post ID: @1cwp+WH3bcif

Good move! We were on the hook for 16.5% of cost in very high cost environment and only to receive less than 8% of production after British government cut.

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Post ID: @1plj+WH3bcif

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