11/17/2000
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Phillips to sell holdings in Alberta's Zama field
Phillips Petroleum Resources Ltd., Calgary, wants to sell its interests in the Zama oil and gas fields in northern Alberta, which produce 16,500 boe/d. Jim Taylor, president of the Canadian unit of Oklahoma-based Phillips, said the company plans to redeploy assets into core areas. It will retain about 2,000 boe/d of production in Canada.