PHOENIX, Arizona – Freeport-McMoRan Oil & Gas (FM O&G) has completed the acquisition of certain of Apache Corporation’s interests in the deepwater Gulf of Mexico (GoM). Following the exercise of preferential purchase rights by other working interest owners in the Lucius project, FM O&G acquired for $919 million, 51.2% of Apache' s 11.7% working interest in the Lucius oil development project, 100% of Apache' s 12.5% working interest in the Heidelberg oil development project and several exploration leases. Following closing and the interim redetermination of equity ownership by the co-owners in the Lucius field, FM O&G owns an approximate 25.1% working interest in Lucius.
..»
Freeport-McMoRan completes acquisition of Apache deepwater GoM interests
![Freeport-McMoRan completes acquisition of Apache deepwater GoM interests]()
Reviewed by Crude Oil Facilitators
on
19:20
Rating:
No comments:
Post a Comment