ConocoPhillips sells stake in Greater Sunrise fields
April 16, 2019
ConocoPhillips has sold its 30% interest in the Greater Sunrise fields to the government of Timor-Leste for $350 million plus customary adjustments.
Offshore staff
HOUSTON– ConocoPhillips has sold its 30% interest in the Greater Sunrise fields to the government of Timor-Leste for $350 million plus customary adjustments.
The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise fields, are in the Timor Sea.
The sale transaction covers ConocoPhillips’ interest in production-sharing contracts 03-19 and 03-20 and retention leases NT/RL2 and NT/RL4.
