ConocoPhilips Confirms Marketing Nigerian Assets

LONDON - ConocoPhilips is marketing its assets in Nigeria, which include onshore and offshore oil and gas interests as well as a stake in the Brass LNG facility, a company spokesman said, confirming reports late Tuesday.

Conoco is in the middle of a three-year repositioning aimed at improving its balance sheet and making the company more attractive to investors. The plan includes the sale of $15 billion-$20 billion in assets, large-scale share buybacks and the spinoff of its refining arm.

Copyright (c) 2012 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Sales Manager - Safety Relief Valves
Expertise: Business Development|Sales
Location: Houston, TX
 
Staff Auditor 2
Expertise: Business Analyst|Risk Management
Location: TX
 
Specialist* Credit & Collections Job
Expertise: Accounting|Asset Management
Location: Eau Claire, WI
 
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours