BP seals $5.5B sale of Gulf properties to Plains

12/2/2012 | FuelFix.com

BP's $5.5 billion sale of its Gulf of Mexico properties to Plains Exploration and Production has been finalized, the U.K. oil major announced. BP's post-Gulf oil spill asset sales have now reached $37 billion following the deal's completion. "This further demonstrates the significant value BP has been able to realize through the sale of non-strategic assets," said BP CEO Robert Dudley.

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