Endeavour Energy acquires ConocoPhillips' interests in Alba for US$254.4 million
Endeavour Energy has announced the acquisition of a package of UK Central North Sea assets from ConocoPhillips for US$330 million (£213 million). The key assets acquired are a 23.43% interest in the Alba oil field, which increases Endeavour's interest in Alba to 25.68%, as well as a 40% operated interest in the MacCulloch field. The acquisition is transformative for Endeavour. It adds 10,000 b/d of oil production to its UK portfolio in 2011 and will help increase company wide ...