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ConocoPhillips to sell Indonesia assets for over $1 billion -Breaking


© Reuters.

(Reuters) – ConocoPhillips, an oil and gas producer (NYSE:), announced Wednesday that it will sell Indonesian assets to MedcoEnergi for $1.355 Billion.

ConocoPhillips stated that it had also exercised its rights to buy up to a 10% shareholding in Australia Pacific LNG from Origin Energy, for up to $1.645 million.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.