BP may divest some key assets to help pay for Gulf spill:

06/3/2010 | Bloomberg Businessweek

BP may be forced to sell some key properties, including a 26% interest in Prudhoe Bay on Alaska's North Slope, to help finance costs for cleanup and legal damages resulting from the Gulf of Mexico oil spill. The assets could attract prospective buyers such as Hess, Occidental Petroleum and China National Petroleum, said Petroleum & Resources CEO Douglas Ober. "BP is going to have to look to other assets to pay for this mess they're creating," he said.

View Full Article in:

Bloomberg Businessweek

Published in Brief: