NYSE:COPOil and Gas
ConocoPhillips (COP) Agrees To Buy 42% Of BP's Kirkuk Business In Iraq
ConocoPhillips (NYSE:COP) agreed to acquire a 42% interest in BP's Energy Company of Kirkuk Limited in northern Iraq.
The deal provides access to over 3 billion barrels of oil equivalent in initial gross recoverable resources across four oil fields.
The transaction adds new geographic exposure for ConocoPhillips and expands its international oil portfolio.
ConocoPhillips is a large independent exploration and production company focused on oil and natural gas, and this Kirkuk agreement adds...