Exploration & Production

ConocoPhillips may sell its North Sea assets

ConocoPhillips is looking to sell its UK North Sea assets after receiving an unsolicited offer
By Staff reporter 16 November 2018 0 33342

United States-based oil and gas company ConocoPhillips is looking to sell its UK North Sea assets after receiving an unsolicited offer, local media reported the company as saying on Thursday.

Bloomberg quoted anonymous sources as saying Conoco intends to invite bids for its remaining UK assets by the end of the year.

A Conoco spokesperson said on Thursday that the company “is marketing its UK assets after receiving an unsolicited offer”, adding that Conoco will keep the assets if it does not receive...