ConocoPhillips Considers Exiting U.S. Gulf Of Mexico ...Middle East

ConocoPhillips is considering a potential sale of its minority stake in a Shell-operated oil and gas platform in the U.S. Gulf of Mexico, which would mark the exit of ConocoPhillips from U.S. offshore operations, sources with knowledge of the deliberations told Reuters. ConocoPhillips has already hired a financial advisory for the potential sale of its 15.96-percent stake in the Ursa platform. A deal for ConocoPhillips’s stake in Ursa and the Princess well is expected to be valued “in the high hundreds of millions of dollars,”…

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