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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

Green Car Congress

The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles (483 miles) southwest of New Orleans, in approximately 4,900 feet (1,494 meters) of water. The discovery well encountered both a high liquids content gas interval and an oil interval. Click to enlarge. —Joseph H.

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

Green Car Congress

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 In Azerbaijan, acquisition of Devon’s 5.63% stake in the ACG development will increase BP’s operating interest in the fields to 39.77%. billion in cash.

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