ConocoPhillips' (COP) asset disposition program continues, as it agrees to sell its Nigerian...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips' (COP) asset disposition program continues, as it agrees to sell its Nigerian business unit to Oando Energy for $1.79B. COP's 2012 net production in Nigeria averaged 43K boe/day through October, and the net carrying value of the assets was ~$600M. COP has now announced total asset sales of ~$11B during 2012.