ConocoPhillips has completed the sale of a subsidiary that holds a 16.5% stake in the Clair oilfield in the UK North Sea to BP, which operates the field, ConocoPhillips said on Tuesday.
Conoco retains a 7.5% interest in the field.
Conoco also completed a simultaneous acquisition of BP’s 39.2% interest in the Greater Kuparuk Area in Alaska and a 38% interest in Kuparuk Transportation Co. for an undisclosed price.
Conoco’s share of Clair’s output amounted to 4 thousand barrels of oil equivalent...
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