ConocoPhillips Announces Agreement to Sell Interests in Australia-West for $1.39 Billion
October 13, 2019
October 13, 2019
HOUSTON, Texas, Oct. 13 -- ConocoPhillips, a producer of oil and gas resources, issued the following news release:
ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39 billion, plus customary closing adjustments. In addition, the company will also receive a payment of $75 million upon final investment decision of the Barossa development project. The subsidiaries hol . . .
ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39 billion, plus customary closing adjustments. In addition, the company will also receive a payment of $75 million upon final investment decision of the Barossa development project. The subsidiaries hol . . .