Devon Energy Completes Sale of Panyu Field in China

Friday, June 18, 2010

Devon Energy Corporation announces that it has completed the sale of its Panyu field located offshore China to China National Offshore Oil Corporation for $515 million, or approximately $370 million after tax. During 2009, Devon's production from the Panyu field was approximately 12 thousand barrels of oil per day.

---

© OilVoice - http://www.oilvoice.com/n/Devon Energy Completes Sale of Panyu Field in China/924acdd63.aspx