ConocoPhillips (NYSE:COP) is all set to divest its Nigerian assets to bring billions of dollars for the largest independent oil and natural-gas producer in the U.S.
The company’s Nigerian properties – which accounted for less than 3% of ConocoPhillips’ daily output as of 2011 – comprises onshore, offshore oil and gas fields, and a stake in its LNG Brass facility. The divestitures of these assets are likely to support ConocoPhillips to raise as much as $2.5 billion and even more if those … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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