Conoco seeks sale of shares in Canadian, Australian properties

03/1/2013 | Rigzone

ConocoPhillips seeks to unload some of its shares in its Canadian oil sands properties and the Australia Pacific LNG project, as it focuses more on U.S. shale formations and other key assets, said Ryan Lance, the company's chairman and CEO. Conoco also plans to boost output and margins by up to 5% per year through 2017, he said.

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