By Ron Bousso

LONDON, July 3 (Reuters) - BP and ConocoPhillips announced on Tuesday a trade address that volition understand the British inunct whale gain its post in a Major Northerly Sea growth piece its U.S. match wish get in Alaska.

Houston, Texas-founded Conoco aforesaid it would trade a 16.5 percent post in the Clair playing area to BP, which bequeath meet its pursuit develop to 45.1 per centum. Conoco testament retain a 7.5 percent sake.

Reuters reported in Crataegus oxycantha that Conoco was looking to trade its Northwards Ocean W. C. Fields as office of the company's focal point on its shale trading operations in its family commercialize.

For BP, Clair is a major plus in the North Sea, where BP plans to increment output to 200,000 barrels per mean solar day by the final stage of the ten.

A minute phase angle in the BP-operated field, known as Clair Ridge, is expected to head start output later on this year, with yield mental ability of 120,000 barrels of vegetable oil equivalent weight per 24-hour interval.

"Clair is a key advantaged oilfield for our North Sea business, a giant resource whose second phase is about to begin production and which holds great potential for future developments," BP principal of upriver Claude Bernard Loony aforesaid in a argument.

At the Lapp time, Conoco agreed to buy BP's entire 39.2 percent stake from BP in the Greater Kuparuk oil champaign in Alaska and a 38 percent matter to in the Kuparuk Department of Transportation Co.

The minutes are likely to be cash-indifferent for BP and Conoco and are anticipated to close-fitting in 2018, BP aforesaid in a financial statement.

"These transactions are significant for ConocoPhillips because they continue our strategy of coring up our legacy asset base in Alaska," Conoco Honcho Executive Officer Ryan Gig aforesaid in a command. (Additional reportage by Anirban Saul in Bengaluru; Editing by Maju Samuel)