ConocoPhillips (NYSE: COP) announced that it has entered into an agreement to sell a ConocoPhillips subsidiary to BP for an undisclosed price. The subsidiary will hold a 16.5 percent interest in the BP-operated Clair Field, with ConocoPhillips retaining a 7.5 percent interest in the field.

ConocoPhillips also announced it has entered into simultaneous agreements to acquire BP’s 39.2 percent interest in the Greater Kuparuk Area in Alaska and BP’s 38 percent interest in the Kuparuk Transportation Company for an undisclosed price.

These tran...


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