ConocoPhillips to sell Indonesia assets for over $1 bln

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content Oil and gas producer ConocoPhillips said on Wednesday it would sell its Indonesia assets for $1.355 billion to MedcoEnergi. ConocoPhillips also said it was exercising its right to purchase up to an additional 10% shareholding interest in Australia…
ConocoPhillips to sell Indonesia assets for over $1 bln

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Oil and gas producer ConocoPhillips said on Wednesday it would sell its Indonesia assets for $1.355 billion to MedcoEnergi.

ConocoPhillips also said it was exercising its right to purchase up to an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for up to $1.645 billion. (Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli)

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