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ConocoPhillips Sale of North Sea Producing Properties

Central and Southern North Sea - Banff, Gryphon, Maria and Audrey

London & Aberdeen - November 2003

ConocoPhillips have concluded the sale of various non-core producing oil and gas fields and discoveries. The buyers for the assets were CNR (Banff), Kerr-McGee (Gryphon), BG and Centrica (Maria) and Venture (Audrey).

Stellar acted as advisor to ConocoPhillips for the sales.