ConocoPhillips is considering selling off its assets in the US Gulf of Mexico as it continues to hone its focus on domestic onshore plays, according to a Reuters report.
The US independent is allegedly looking at the possibility of divesting its Ursa platform and Princess subsea well in the deep-water US Gulf, which would constitute a complete exit for the company.
Over the past several years, ConocoPhillips has focused its capital expenditures on what it has called its “Big Three” domestic plays — the Permian basin, the Eagle Ford shale and the Bakken shale.
