BP sells 4 Gulf of Mexico fields for $650 million

LONDON. October 26. KAZINFORM BP says it has sold its stake in four mature oil and gas fields in the Gulf of Mexico to Marubeni Oil and Gas for $650 million (euro466 million); Kazinform refers to China Daily.

The oil company has been selling assets to raise cash to pay for the damage caused by the disastrous blowout of its Macondo well in the Gulf of Mexico.

BP had acquired the four fields in March when it bought a range of assets in the Gulf, Brazil and Azerbaijan from Devon Energy in a $7 billion deal; Kazinform cites China Daily.

See www.chinadaily.com.cn