2007, Azerbaijan and Production

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2007

Azerbaijan

Production

Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

Green Car Congress

MARCH 12, 2010

Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 The undeveloped Kirby oil sands leases are in the south east of the Athabasca region of Alberta, close to the Devon-operated Jackfish development, which started production in 2007.

Oil-Sands

Oil-Sands Oil Azerbaijan Mexico

EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

Green Car Congress

APRIL 7, 2010

This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. Non-OPEC supplies are then expected to fall slightly in 2011, as declining production in mature areas more than offsets any new production growth.

2008

2008 2010 Emissions Fuel

EV Driven

Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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