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ConocoPhillips completes sale of nigeria business

Wednesday, 30 Jul 2014 07:00am EDT 

ConocoPhillips:Completes the transaction with Oando Energy Resources (OER), 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.Sales price is inclusive of $550 million of deposits received, about $900 million received at closing, plus $33 million in deferred payments. 

Company Quote

-0.28 -0.36%
29 Sep 2014