April 16 (LNGJ) - ConocoPhillips said it completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million that was previously the focus for an Australian-based LNG export project. “We are pleased to complete this transaction with the government of Timor-Leste,” said Matt Fox, Chief Operating Officer.
“ConocoPhillips recognizes the importance of the Greater Sunrise Fields to the nation of Timor-Leste, and this sale gives them a significant working interest in this important development,” added Fox. The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise Fields, are located in the Timor Sea.
