Linklaters Advises BP In $650M Sale Of Gulf Oil Stakes

Law360, New York (October 25, 2010, 11:50 AM EDT) -- BP PLC on Monday announced a deal to sell off recently acquired interests in four deepwater Gulf of Mexico oil and gas fields to a unit of Japan's Marubeni Corp. for $650 million in cash.

BP took over the fields as part of an acquisition from Devon Energy Corp. in March that was part of a wider acquisition of assets in the Gulf and in Brazil and Azerbaijan, the company said.

“When BP acquired Devon's Gulf of Mexico assets, it was clear that these four fields...
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