Deal insight

Apache acquires BP assets in the Permian Basin as part of a wider US$7 billion transaction

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Report summary

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 ...

What's included

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  • Document

    Apache acquires BP assets in the Permian Basin as part of a wider US$7 billion transaction

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Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
      • 2010 financial position looks much stronger
      • Potential for further large-scale disposals
      • Deal re-balances portfolio towards core strengths
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 4 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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