Magazine

BP Goes On a Post-Spill Deal Binge


BP in the past year moved aggressively to secure future growth by buying oil stakes in key emerging markets

Divestments:

Fuel retail marketing (France)

Proceeds, in millions: $251

Oklahoma oil storage and pipelines (U.S.)

Proceeds, in millions: $289

Texas Permian Basin assets (U.S.)

Proceeds, in millions: $3,100

Western Canada gas (Canada)

Proceeds, in millions: $3,250

Egypt western desert assets (Egypt)

Proceeds, in millions: $650

E&P (ethylene/polyethylene) assets (Colombia)

Proceeds, in millions: $1,900

E&P assets (Malaysia)

Proceeds, in millions: $363

E&P assets (Venezuela, Vietnam)

Proceeds, in millions: $1,800

Gulf of Mexico assets acquired from Devon Energy (U.S.)

Proceeds, in millions: $650

Retail fuel operations (Namibia, Botswana, Zambia)

Proceeds, in millions: $298

Pan American Energy (Argentina)

Proceeds, in millions: $7,060

E&P assets (Pakistan)

Proceeds, in millions: $775

Acquisitions:

Additional stakes in Valhall/Hod fields (Norway)

Cost, in millions: $492

9.5% stake in Rosneft and Arctic exploration (Russia)

Cost, in millions: $7,800

30% stake in 23 deepwater Indian exploration sites (India)

Cost, in millions: $7,200


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