One-Page Deal Sheet
ConocoPhillips to Sell Algerian Business Unit in $1.75B Deal
Pertamina ConocoPhillips
Announced Date
December 17,2012
Close Date
November 27,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
1750
Location
Country
Algeria
Transaction Details: Subscribe to see
ConocoPhillips has entered into an agreement to sell its Algerian business unit for a total of $1.75 billion plus customary adjustments. The proposed sale is subject to co-venturer preemption rights and Algerian government approval.
ConocoPhillips has entered into an agreement with Pertamina to sell its wholly-owned subsidiary, ConocoPhillips Algeria Ltd., which holds interests in three major onshore oil fields located either fully or partially in Block 405a, Menzel Lejmat North (65 percent, operated), Ourhoud (3.7 percent, nonoperated), and EMK (16.9 percent, nonoperated). ConocoPhillips’…
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