Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture
Green Car Congress
MARCH 12, 2010
Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 In Azerbaijan, acquisition of Devon’s 5.63% stake in the ACG development will increase BP’s operating interest in the fields to 39.77%. billion in cash.
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