According to UKâs weekend press, Ineos has emerged as a likely buyer for Conocoâs remaining UKNS assets, having paid a deposit in return for 3 months' exclusivity on a potential purchase, and talks are underway. It is recalled COP is planning the possible sale of its remaining North Sea assets, up to USD 3 bn could be netted. The move would partly be the result of COP receiving an unsolicited offer, which did not meet the companyâs expectations for value, and to the firmâs re-focusing on shale at home.
According to UKâs weekend press, Ineos has emerged as a likely buyer for Conocoâs remaining UKNS assets, having paid a deposit in return for 3 months' exclusivity on a potential purchase, and talks are underway. It is recalled COP is planning the possible sale of its remaining North Sea assets, up to USD 3 bn could be netted. The move would partly be the result of COP receiving an unsolicited offer, which did not meet the companyâs expectations for value, and to the firmâs re-focusing on shale at home.