JAKARTA, Dec 11 (Reuters): US oil and gas producer ConocoPhillips will quit Indonesia, selling its assets there for US$1.355 billion to domestic energy company Medco Energi Internasional, and beef up in Australia as it continues to reshape.
The deals follow ConocoPhillips move to double down on US shale with a US$9.5 billion purchase of Royal Dutch Shell's West Texas properties and a US$13.3 billion deal for Concho Resources, and its exit from US offshore and British North Sea fields.
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