CNOOC (SHA:600938, HKG:0883) sold the Gulf of Mexico business held by its US subsidiary, CNOOC Energy Holdings USA, to British chemicals group INEOS Energy.
The deal includes a portfolio of non-operated assets centered around two deep water early production assets, Appomattox and Stampede, as well as a number of mature assets and supporting businesses, INEOS Energy said in a press release on Saturday.
A source told Reuters that the payment for the assets was just under $2 billion.
The deal boosts INEOS Energy's global production to more than 90,000 barrels of oil equivalent per day.
Shares of CNOOC rose 1% in Shanghai and nearly 2% in recent trade.
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