The US independent, led by chief executive Lee Tillman, announced the major portfolio rationalisation move as part of a planned $5.9 billion investment and exploration budget for 2014 unveiled on Wednesday.
The company aims to allocate 60% of its capital spending budget – up from $5.2 billion budgeted for this year – towards its North America resource plays with plans to boost drilling work in the Eagle Ford and Bakken, as well as Oklahoma Woodford.
"Our
