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Member News03rd Jul 2018

BP to increase share in Clair field

BP has entered into an agreement to purchase a 16.5 per cent interest in the Clair field, west of Shetland. This is achieved by buying a ConocoPhillips subsidiary that will hold this interest in the field. As a result, BP will hold a 45.1 per cent interest in Clair and ConocoPhillips will retain a 7.5 per cent interest.

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