ConocoPhillips is an independent exploration and production (E&P) company, based on proved reserves and production of liquids and natural gas. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids on a worldwide basis. As of December 31, 2013, its continuing operations were producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company manages its operations through six operating segments, which include Alaska, Lower 48 and Latin America, Canada, Europe, Asia Pacific and Middle East, and Other International. In July 2014, it completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria upstream business. In July 2014, Oando Energy Resources Inc acquired the Nigerian Upstream Oil and Gas Business of ConocoPhillips.