ID :
147460
Tue, 10/26/2010 - 13:03
Auther :
Shortlink :
https://www.oananews.org//node/147460
The shortlink copeid
Marubeni to buy interests in BP oil, gas fields in Gulf of Mexico
TOKYO, Oct. 25 Kyodo -
Marubeni Corp. said Monday it will pay $650 million, or about 52 billion yen,
to buy interests in four BP Plc oil and gas fields in the Gulf of Mexico, where
a major oil spill occurred earlier this year after an explosion on a drilling
rig leased by the British company.
The major trading house, the first Japanese firm to buy assets from the
disaster-hit oil giant, will sell the four fields' output, estimated at 15,000
barrels of crude oil and natural gas per day, in the United States.
The interest Marubeni will acquire in each of the four fields will range from
25 percent to 65 percent.
The planned acquisition from BP Exploration & Production Inc., BP's U.S. unit,
which is subject to regulatory approval, is due to be completed by early 2011,
boosting the total oil and gas interests that Marubeni holds worldwide to
around 50,000 barrels in terms of daily output.
Concerning the four BP fields, which lie at depths ranging from several hundred
to around a thousand meters, Marubeni said they are already producing oil and
gas and have not been affected by the drilling accident.
Due to the oil spill, the worst in U.S. history, BP has to pay massive damages, leaving it with no choice but to sell its assets to U.S., Russian and other companies.
Marubeni Corp. said Monday it will pay $650 million, or about 52 billion yen,
to buy interests in four BP Plc oil and gas fields in the Gulf of Mexico, where
a major oil spill occurred earlier this year after an explosion on a drilling
rig leased by the British company.
The major trading house, the first Japanese firm to buy assets from the
disaster-hit oil giant, will sell the four fields' output, estimated at 15,000
barrels of crude oil and natural gas per day, in the United States.
The interest Marubeni will acquire in each of the four fields will range from
25 percent to 65 percent.
The planned acquisition from BP Exploration & Production Inc., BP's U.S. unit,
which is subject to regulatory approval, is due to be completed by early 2011,
boosting the total oil and gas interests that Marubeni holds worldwide to
around 50,000 barrels in terms of daily output.
Concerning the four BP fields, which lie at depths ranging from several hundred
to around a thousand meters, Marubeni said they are already producing oil and
gas and have not been affected by the drilling accident.
Due to the oil spill, the worst in U.S. history, BP has to pay massive damages, leaving it with no choice but to sell its assets to U.S., Russian and other companies.
