July 3 (Reuters) - U.S. oil producer ConocoPhillipssaid on Tuesday it would sell a 16.5 percent stake in the Clairfield to oil major BP for an undisclosed price.
Houston, Texas-based ConocoPhillips will retain a 7.5percent interest in the North Sea offshore oil field through aunit while BP will hold a 45.1 percent interest.
Reuters reported https://www.reuters.com/article/us-conocophillips-northsea-exclusive/exclusive-conoco-moves-to-sell-north-sea-oilfields-sources-idUSKCN1IF17Fin May that ConocoPhillips was looking to sell its North Seafields as part of the company's focus on its shale operations inits home market.
ConocoPhillips also said on Tuesday it would buy a 39.2percent stake from BP in the Greater Kuparuk oil field in Alaskaand a 38 percent interest in the Kuparuk Transportation Co foran undisclosed price.
"These transactions are significant for ConocoPhillipsbecause they continue our strategy of coring up our legacy assetbase in Alaska, while retaining an interest in the Clair Fieldin the UK," Ryan Lance, chief executive officer ofConocoPhillips, said in a statement.(Reporting by Anirban Paul in Bengaluru; Editing by MajuSamuel)