PetroVietnam In Bid For Conoco's Cuu Long Acreage

The sale of ConocoPhillips' Vietnamese acerage would complement the company's strategy and reduce its exposure to above and below-ground risks in the region. However, the main stumbling block is likely to be PetroVietnam's valuation of Conoco's assets, which is reported to be around US$1.5bn.

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