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Devon Energy ready to sell its participation in the Azeri ACG

Devon Energy intends to sell its stake in the Azeri-Chirag-Gunsheli oil fields.

 

Devon Energy intends to sell its stake in the Azeri-Chirag-Gunsheli oil fields, a senior official at Azeri state energy company SOCAR said on Thursday.


"Devon has already informed members of the consortium of its intention to sell its stake in Azeri-Chirag-Guneshli ," Vagif Aliyev, head of the foreign investment department at SOCAR, told reporters, adding that existing partners in ACG would have right of first refusal.

Source : Neftegaz.RU