British billionaire Jim Ratcliffe’s petrochemicals company Ineos is in exclusive talks to buy ConocoPhillips’ North Sea oil and gas assets in a deal believed to be worth £2.3 billion.
[adbutler zone_id=’297765′]
It is believed that Ineos has paid a deposit in return for three months’ exclusivity on the potential purchase.
ConocoPhillips plans to sell the assets in order to focus on shale gas production in the United States.
[yikes-mailchimp form=”2″ title=”1″ description=”1″]
