Equatorial Guinea oil and gas map, cropped

ConocoPhillips to acquire Equatorial Guinea gas assets as part of Marathon takeover

Issue 507 - 04 Jun 2024 - By Dominic Dudley | 2 minute read

The main attraction for ConocoPhillips in its $22.5bn all-share deal to buy Marathon Oil Corporation is some 2bn barrels of US oil resources, but profitable interests in natural gas fields and processing plants in Equatorial Guinea are also in play.

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