LASMO PLC and Phillips Petroleum Co. U.K. agreed to exchange certain U.K. North Sea assets. Lasmo will acquire Phillips' 35% working interest in the portion of Block 16/27A containing Andrew field. Phillips will receive Lasmo's 3.195% interest in Blocks 30/7A, 30/12A, and 30/17A, hiking its working interest in the blocks to 35.875%. Block 307A contains Joanne and Judy oil and gas fields, now under development study.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive


More in Companies