BP sells North Sea Forties field, Gulf of Mexico shallow assets for $1.3 billion

Petroleum News Alaska

BP and said Jan. 13 that it has agreed in principle to sell its 96.14 percent stake in the North Sea Forties oilfield, together with a package of shallow-water assets in the Gulf of Mexico, to U.S. independent oil and gas company Apache Corp., for $1.3 billion. BP's share of production from the For....