BP to sell assets of 7 billion U.S. dollars
To ease the oil spill caused by cost pressure, BP has announced a price 7 billion U.S. dollars, to sell its U.S. oil and gas companies Apache in the United States, Canada and Egypt’s assets.
20 July, BP announced on its official website, has reached an agreement with Apache, the BP Texas and New Mexico in the Permian Basin assets, the upstream natural gas assets in western Canada and the Western Desert of Egypt franchise area, east of the mining rights baideerding valued seven billion U.S. dollars sold to Apache.
The deal is BP’s previously announced sale of 100 billion in assets part of the plan, mainly to easing the Gulf of Mexico oil spill BP enormous cost pressure.
As for U.S. oil and gas companies Apache, this is an opportunity to expand market share.
30 July, Apache will pay five billion U.S. dollars BP first cash deposit. Apache will be the rest of the stock, raised through bonds. The company plans to issue 2,100 shares of its common shares and 1.1 billion of convertible preferred stock.
As of July 19, BP Gulf of Mexico oil spill has been spending 3.95 billion U.S. dollars. Earlier, Standard Chartered Bank warned, BP may eventually lose so times oil spills 40 billion U.S. dollars.
Day, BP also announced it would sell in Vietnam and Pakistan 1.7 billion worth of assets.