BP sells oil fields to pay clean-up costs
Posted
BP has announced it will sell four Gulf of Mexico oil fields to Japanese company Marubeni as part of its asset sale to help pay for this year's catastrophic oil spill.
The deal, which is subject to regulatory approval, is expected to raise $US650 million.
BP is in the process of selling assets worth up to $30 billion to meet clean-up and compensation costs.
A company statement says BP's other interests in the Gulf of Mexico will not be affected by the sale.
BP's Deepwater Horizon rig exploded in April, killing 11 workers and ultimately leaking an estimated 5 million barrels of oil into the Gulf.
- BBC
Search ABC News
Featured Video
-
Video
Shoe thrower Peter Gray says it was 'necessary' to throw his shoes at John Howard because of his decision to go to war against Iraq.
-
Video
Former prime minister John Howard has dodged a pair of shoes thrown at him by an anti-war protester.
-
Video
A Texan resident captures on film the destructive power of a tornado as he drives his vehicle through it.
-
Video
A British quadriplegic suffered severe brain damage after his nurse erroneously turned off his life support.
The ABC News Online Investigative Unit encourages whistleblowers, and others with access to information they believe should be revealed for the public good, to contact us.
