One-Page Deal Sheet
ConocoPhillips Sells Midstream Sector in Trinidad and Tobego
National Gas Company of Trinidad and Tobago Ltd. ConocoPhillips
Announced Date
August 19,2013
Close Date
August 19,2013
Transaction Type
Asset
Location
Region
South America
Country
Trinidad and Tobago
Transaction Details: Subscribe to see
ConocoPhillips has closed a transaction with the National Gas Company of Trinidad and Tobago Limited (NGC) for the sale of its wholly owned subsidiary, Trinidad and Tobago Holdings LLC, for a total consideration of $600 million plus customary adjustments.
Trinidad and Tobago Holdings LLC holds a 39 percent interest in Phoenix Park Gas Processors Limited (PPGPL). PPGPL operates a gas processing and natural gas liquids fractionation facility located at Point Lisas, Trinidad.
Don Wallette, Executive VP, Commercial, Business Development and Corporate Planning for ConocoPhillips, commented: "The…
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