BP in talks to sell Alaskan oil fields

Sunday, July 11, 2010 - 22:14 in Mathematics & Economics

The oil giant is reportedly negotiating with a Houston company and may be trying to raise cash to pay for the gulf spill cleanup. Seeking funds to pay for the biggest U.S. oil spill in history, BP is in talks to sell its Alaska oil fields and some other assets to Houston-based Apache Corp., two people familiar with the discussions said Sunday.

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