ConocoPhillips to sell more international assets for $1.4B

Houston-based ConocoPhillips (NYSE: COP) has reached a deal to sell its Australia-West assets and operations to Australia-based oil and gas producer Santos.

The $1.39 billion deal is expected to close in the first quarter of 2020, according to ConocoPhillips’ press release. Santos will pay ConocoPhillips another $75 million once the Australian company makes a final investment decision to move forward with the Barossa development project, which is expected by early 2020, according to Santos’ release.…


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