It has been reported that INEOS is in talks to acquire ConocoPhillipsâ UK oil and gas portfolio. The latter holds interests in a number of producing fields throughout the UK, across the West of Shetlands, Northern North Sea, Moray Firth, Central North Sea, East Irish Sea and Southern North Sea. ConocoPhillips has also recently been drilling an infill exploration well at its Jasmine field. The potential deal has been rumoured to be worth upwards of GBP 3 billion and the companies have reportedly signed a three month exclusivity agreement.
It has been reported that INEOS is in talks to acquire ConocoPhillipsâ UK oil and gas portfolio. The latter holds interests in a number of producing fields throughout the UK, across the West of Shetlands, Northern North Sea, Moray Firth, Central North Sea, East Irish Sea and Southern North Sea