Staying Informed

ConocoPhillips Completes Sale of Nigeria Business

ConocoPhillips today announced it has completed the transaction with Oando Energy Resources , a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price, after customary adjustments, of $1.5 billion. The sales price is inclusive of $550 million of deposits received, approximately $900 million received at closing, plus $33 million in deferred payments.
 
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