Sovereign Oilfield to sell off two operations
Sovereign Oilfield Group, the formerly acquisitive services firm, has agreed to sell two of its operations to a local rival in a deal that will allow it to complete a long-awaited refinancing.
US oil major Conocophillips is selling all of its Nigerian assets including on-shore and off-shore oil and gas fields and a stake in its LNG Brass facility, sources familiar with the situation told Reuters.