BP in Talks to Sell Stake in Alaska Oil Field

July 12, 2010

World Energy Reports LLC.

According to a July 11 report from companiesandmarkets.com, BP is in talks with Apache Corporation concerning the divestment of $12b of assets. The asset sale would include a large stake in Alaska's Prudhoe Bay, which is the largest oil field in North America. The divestment of assets would help BP to meet the costs of the damages from the oil spill cleanup operation. Prudhoe Bay produces 390,000 barrels a day.

(Source: companiesandmarkets.com)

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Related company: » Apache Corporation