BP in talks to sell group of Gulf of Mexico oilfields

BP in talks to sell group of Gulf of Mexico oilfields

PanARMENIAN.Net - British Petroleum (BP) is in advanced talks to sell a group of oilfields in the Gulf of Mexico to Plains Exploration & Production Co. (PXP), Bloomberg reported citing two people with knowledge of the matter.

Plains is discussing a price of about $6 billion and may reach an agreement within days, said one of the people, who spoke on the condition of anonymity because the talks are private.

Scott Dean, a BP spokesman, declined to comment. Hance Myers, a spokesman for Plains Exploration, didn't immediately return phone calls and an e-mail seeking comment, Bloomberg said.

 Top stories
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
---