Chrysaor has agreed to acquire ConocoPhillipsâ UK upstream and some downstream businesses for USD 2.675 bn, thus becoming the largest independent producer in the UK with 72,000 boe/d (in 2018). ConocoPhillips otherwise retains its commercial trading business and its operatorship of the Teesside oil terminal. The deal is retro-effective to 1 Jan â18 and will complete later this year, subject to regulatory approval. For a list of acquired assets, please refer to GEPS.
Chrysaor acquired all assets in the country from ConocoPhillips for US$2,675 billion. The assets being acquired have production of 72 000 boe/d and 280 MMboe of 2P o&g reserves.