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ConocoPhillips Completes Previously Announced Bolt-On Transaction in Alaska

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that approvals have been obtained for the previously announced bolt-on acquisition of Anadarko Petroleum Corporation’s (NYSE: APC) 22 percent lease interests in the Western North Slope of Alaska. ConocoPhillips now has 100 percent interest in approximately 1.2 million acres of exploration and development lands, including the Willow discovery. Approval of the assignment of the lease interests was finalized on May 30, 2018.