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BP shares in Azeri, Shirak -Giuneshly project

By Messenger Staff
Wednesday, August 11
By August 16, 2010 BP will have finalised the USD 2 billion transaction for purchasing Devon Energy share in the Azeri-Shirak-Giuneshly oil field oil-gas project. Devon has received all the documents confirming its managing bodies for concluding the deal. Devon energy's share in this project was 5.626 %, after the signing the document of field BP share will increase from 34% to 39.7629%. Devon Energy intends to sell BP its assets in Brazil and the Gulf of Mexico.