One-Page Deal Sheet
ConocoPhillips Sells Exploration Interest to Gran Tierra
Gran Tierra Energy, Inc. ConocoPhillips
Announced Date
October 05,2012
Close Date
October 05,2012
Transaction Type
Working Interest
Asset/Basin:
{"Mara?
Location
Region
South America
Country
Peru
Transaction Details: Subscribe to see
ConocoPhillips today announced a decision not to pursue further exploration activities in Peru Blocks 123 and 129.
This decision to withdraw as operator and opt out of the next exploration period is part of the company’s strategic plan to optimize its portfolio of assets.
Larry Archibald, senior vice president of exploration for ConocoPhillips, stated, “It was a difficult decision to leave these blocks where we have worked so closely with communities and demonstrated our ability to work responsibly in an environmentally sensitive area,”
“After careful consideration, we reached this decision…
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