The outcome of Statoil's divestment -- which was never publicised -- was recently revealed by BP Exploration Vietnam's president and director general Steve Walker during an exclusive interview with Upstream.

According to Walker, Conoco has purchased Statoil's 16.33% stake in the 399-kilometre pipeline from the Lan Tay and Lan Do gas fields in block 06-1 to a planned power complex in Phu My.