ConocoPhillips closes nearly $2.7B asset sale

Houston-based ConocoPhillips (NYSE: COP) has completed the $2.675 billion sale of its U.K. oil and gas business, according to Sept. 30 press releases.

As previously announced, the buyer was Chrysaor E&P Ltd., part of London-based Chrysaor Holdings Ltd. Chrysaor is the North Sea subsidiary of Washington, D.C.-based Harbour Energy Ltd., which is managed by EIG Global Energy Partners.

The deal covered two subsidiaries that indirectly held ConocoPhillips’ exploration and production assets in the U.K.…

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