ConocoPhillips Announces Agreement to Sell Clyden Oil Sands Asset
August 08, 2013 at 07:55 AM EDT
ConocoPhillips (NYSE: COP ) today announced it has entered into an agreement to sell its 100 percent interest in the Clyden oil sands leasehold to Imperial Oil and ExxonMobil Canada for approximately $720 million (C$751 million) before customary adjustments. Comprising 226,000 net acres of undeveloped land, Clyden is located