BP/Gulf Oil Gusher

BP Signs North America and Egypt Asset Deals with Apache, July 20, 2010

LONDON—(ENEWSPF)—20 July 2010. BP announced today that it has entered into several agreements to sell upstream assets in the United States, Canada and Egypt to Apache Corporation. The deals, together worth a total of $7 billion, comprise BP’s Permian Basin assets in Texas and south-east New Mexico, US; 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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