News
09 December 2021

ConocoPhillips to exit Indonesia in $1.355bn deal

In:
Oil & gas
Region:
Asia-Pacific

US major ConocoPhillips has agreed to sell its remaining Indonesia assets to local player Medco Energi for $1.355 billion.Medco Energi will boost its domestic portfolio with the purchase of ConocoPhillips’ subsidiary that owns a 54% operated interest in the Corridor production sharing contract...

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