Wednesday, July 21, 2010

Apache snags BP assets in US, Canada, Egypt for $7 billion

Jul 20, 2010

Eric Watkins
OGJ Oil Diplomacy Editor

BP PLC said it has entered into several agreements to sell Apache Corp. some of its upstream assets valued at $7 billion. Among the assets are BP’s Permian basin assets in Texas and New Mexico; its western Canadian upstream gas assets; and the Western Desert business concessions and East Badr El-din exploration concession in Egypt.


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