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Conocophillips Selling Nigerian Assets

Source: Reuters 5/8/2012, Location: Africa

Conocophillips is selling all of its Nigerian assets including on-shore and off-shore oil and gas fields and a stake in its LNG Brass facility, sources familiar with the situation told Reuters.

The assets are expected to attract interest from Nigerian and Asian players and could be sold individually, the sources said, and could help Conocophillips raise several billions of dollars.

ConocoPhillips recently completed the spin-off of its downstream activities into Phillips 66, a newly-created independent U.S. refiner.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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