Conoco acquires Statoil interests offshore Vietnam.(Brief Article)(Company Profile)(Statistical Data Included)

From: Worldwide Energy | Date: February 1, 2002 | Copyright information

Conoco Inc. (NYSE:COC), Houston, Texas, has signed an agreement with Statoil ASA, Norway's state-owned oil company, for the purchase of a portion of its interests in the $1.3 billion Nam Con Son natural gas project, offshore Vietnam. The new holdings increase Conoco's total acreage position in Vietnam to 6.05 million gross acres, or 3.2 million net.

Conoco's purchase included Statoil's 50 percent interest in Block 05.3, which covers approximately 462,000 acres. Explorati...

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