Sinopec spends $2.2bn on shale farm-in

Eyes on shale: Sinopec farms in to Devon Energy venture plays in $2.2 billion deal

Reuters/Scanpix

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Bill Lehane

, Bill Lehane

 03 January 2012 14:42 GMT

Oklahoma independent Devon Energy Corporation has announced that Sinopec has agreed to buy a one-third stake of five of its venture plays and pay for drilling costs on them in a deal worth $2.2 billion.

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