Your web browser is out of date. Update your browser for more security,
speed and the best experience on this site.
You have successfully subscribed to the newsletter!
09 10, 2012 by The Advocate
BP PLC is selling some deep-water Gulf of Mexico oil and gas properties to Texas-based Plains Exploration & Production Co. for $5.55 billion.
The U.K.'s BP is selling off assets as it is still in the midst of trying to pay for damages from the 2010 Gulf coast oil spill. The companies said Monday that the properties were producing an estimated 59,500 barrels of oil equivalent net per day as of July's end.
Plains also announced that it is buying a 50 percent working interest in the Holstein Field from Shell Offshore Inc. for $560 million. The properties were producing an estimated 7,400 barrels of oil equivalent net per day at July's end.
Both deals are expected to close by the end of the year.
Nov 18, 2020 | LMOGA
Nov 07, 2020 | LMOGA
Oct 20, 2020 | LMOGA
Oct 14, 2020 | LMOGA