Chrysaor completes acquisition of Conoco's UK North Sea assets [Yahoo! Finance News]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Yahoo! Finance News
North Sea oil producer Chrysaor completed on Monday a $2.675 billion acquisition of ConocoPhillips' British North Sea oil and gas business, cementing the private equity-backed firm's position as one the basin's top producers. The Conoco assets will add around 72,000 barrels of oil equivalent per day to Chrysaor's production, bringing their total output in the first half of 2019 to 195,000 boed, Chrysaor said in a statement. Chrysaor will now become operator of the Britannia and J-Block fields and also hold a 7.5 stake in the giant BP-operated Clair field.
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