Feb 21 (Reuters) - ConocoPhillips ( COP ) said on Friday

it would sell its interests in the Ursa and Europa Fields to

Shell for $735 million.

The transaction is expected to close by the end of the

second quarter of 2025.

"This transaction reflects our ongoing commitment to further

strengthen our portfolio by divesting non-core assets and shows

significant progress toward our $2 billion disposition target,"

the company said.

The assets being sold currently produce about 8,000 barrels

of oil equivalent per day.