ConocoPhillips

ConocoPhillips has retained Jefferies & Co. Inc. to sell certain assets in the deepwater and shelf in the Gulf of Mexico.

The Gulf of Mexico package includes three assets. Green Canyon 563 (K-2 Unit) involves a 12.4% nonoperated interest in 4,000 foot depths. Production is 22,000 BOE per day (2,400 BOE per day net) from eight wells targeting Middle and Lower Miocene turbidites.

Chevron-operated Eugene Island 24 involves a 57.3% working interest, with two wells producing 4 million cubic feet per day and 110 barrels of oil per day gross at 15-foot depths. A 50% interest in deep rights are also being offered. An additional 1% interest is offered in the Shell-operated Europa Field producing 10,000 barrels and 17 MMcf per day gross.

The data room will open in late June. The bid due date is Aug. 2. The effective date is July 1. Closing is expected by Sept. 20.

Contact Dave Roussel, 281-774-2090, droussel@jefferies.com.