BP has moved swiftly to execute the first stage of its recently announced US$10 billion asset disposal programme. The company will raise US$7 billion through three separate transactions, shedding non-core interests in the Permian Basin (onshore US), Western Canada and Egypt.For Apache, this is a compelling deal, representing a rare opportunity to acquire an under-exploited mature asset portfolio of considerable scale. The interests mesh perfectly with its existing operations and play to its ...
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Deal insight | Jul 2010
Apache acquires BP assets in the Permian Basin as part of a wider US$7 billion transaction
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