Devon Energy proceeds with $500 million joint venture with BP

06/30/2010 | Houston Chronicle (tiered subscription model)

Devon Energy has finalized its $500 million Canadian oil-sands project with BP, and is seeking to start exploratory drilling this year, said Devon spokesman Chip Minty. Despite the impact of the Gulf spill, Devon feels secure with the agreement and does not believe that teaming up with BP will tarnish its reputation, Minty added.

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