Devon completes sale of Equatorial Guinea assets

Devon Energy has completed the $2.2 billion sale of its oil and gas business in Equatorial Guinea to GEPetrol.

Offshore Staff

OKLAHOMA CITY -- Devon Energy has completed the $2.2 billion sale of its oil and gas business in Equatorial Guinea to GEPetrol.

The divested properties in Equatorial Guinea include estimated proved reserves of 55 MMbbl of oil. Devon's share of production from the properties was about 20,000 b/d of oil.

06/03//2008

More in Company News