ConocoPhillips announced today that it has entered into an agreement with Enbridge Inc. to sell its ownership interest in the Seaway Crude Pipeline System. The transaction is anticipated to close in December, subject to satisfaction of customary conditions and completion of certain arrangements regarding other logistics services currently provided by SCPC to ConocoPhillips.

Morgan Lewis advised ConocoPhillips on the transaction. Business and Finance partner William (Bill) Parish led a team that consisted of Business and Finance associates Jonathan Ayre and Joseph Roger. Energy partner Mark Haskell, Tax partner Gary Wilcox, and associates David Aaronson, Blake Ellis, Ian Furman, and Matthew Galbraith assisted.

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