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.