Conoco and Exxon

Conoco and Exxon will develop 59 deepwater US Gulf blocks in partnership. The two companies have executed a huge lease interest trade. Exxon acquired a 50% interest in 30 Conoco blocks and Conoco acquired a 50% interest in 28 Exxon blocks. All of the blocks are located in the deepwater areas of Green Canyon Garden Banks Keathley Canyon and Walker Ridge.
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