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.


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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Coordinator
Expertise: Client Representative|Process Management|Technical Writing
Location: Houston, TX
Executive Assistant
Expertise: Executive|Secretarial or Administrative
Location: United States
Regional Manager - Saybolt
Expertise: Executive|Operations Management
Location: Linden, NJ
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours