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Eni & HitecVision circle COP's UK North Sea assets

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ENI and private equity firm HitecVision have partnered to bid for ConocoPhillips’ UK North Sea assets against Chrysaor, unnamed sources told Reuters, after exclusive talks between chemicals giant Ineos and the USbased independent were abandoned. The sources said Chrysaor, which was already mulling a bid for Conoco’s assets prior to the start of Ineos’ exclusive talks, is currently preparing a final bid. The sources said the value of a sale could reach $2 billion. Net production from Conoco’s North Sea assets was 75,000 boe/d in 2017. The position includes......
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