ConocoPhillips set to sell Timor Sea interests

ConocoPhillips has put its controlling stake in the big Barossa and Caldita gas fields in the Timor Sea up for sale, throwing into doubt the US giant's interest in expanding its Darwin LNG processing plant.
It is understood ConocoPhillips was close to securing a buyer - thought to be a European energy group - for its 60 per cent stake in Barossa-Caldita until disagreement over processing options for the gas scuppered the deal in the run-up to Christmas.
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Source: The West Australian